Which of the Following Statements Is True

question 139

Multiple Choice

Which of the following statements is true?

• A) An increase in the price of petrol will increase the quantity supplied of petrol.
• B) An increase in the price of petrol will decrease the demand for petrol.
• C) An increase in the price of petrol will increase the quantity demanded of petrol.
• D) An increase in the price of petrol will increase the supply of petrol.

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Definitions:

Statutory Merger

A merger in which one of the companies involved absorbs the other legally and retains its original corporate identity, while the other company ceases to exist.

Legal Corporations

Entities that are legally incorporated under specific laws to carry out business or other duly recognized purposes with legal rights and obligations.

Division

A portion or part of a company that operates under the larger corporate umbrella, often focusing on a specific product line or market area.

Fair Value of Net Assets

The estimated market value of a company's assets after subtracting the fair value of its liabilities, often used in the valuation of companies during acquisitions.