Use the Following Information to Answer Questions

question 82

Multiple Choice

Use the following information to answer questions.
-What is the basic earnings per share?

• A) $0.44
• B) $0.69
• C) $1.92
• D) $1.54

---

Definitions:

Market Equilibrium

A point in a market where the quantity of goods supplied is equal to the quantity of goods demanded.

Consumer Surplus

The gap between what consumers are ready and able to expend for a good or service and what they actually spend.

Price Ceiling

A legally imposed limit on the price that can be charged for a good or service, typically set below the equilibrium price.

Excess Demand

A situation where the quantity demanded of a good or service exceeds the quantity supplied at a particular price, often leading to upward pressure on prices.