The Following Table Shows Representative Recent Closing Share Prices for a Small

question 6

Multiple Choice

The following table shows representative recent closing share prices for a small sample of companies based in India in late 2013. $$\begin{array}{l}\begin{array} { | l | c | } \hline \text { COMPANY } & \text { CLOSING SHARE PRICE } \\\hline \text { 20 Microns } & 30.95 \\\hline \text { ABC Paper } & 24.30 \\\hline \text { Bank of MA } & 36.20 \\\hline \text { Photoquip } & 37.00 \\\hline \text { Saksoft } & 67.20 \\\hline \text { Marg LTD } & 13.99 \\\hline \text { Galaxy ENT } & 10.40 \\\hline \text { Sonatasoft } & 68.75 \\\hline \text { EDynamics } & 49.95 \\\hline \text { DB Corp. } & 287.95 \\\hline\end{array}\\\text { The standard deviation in closing share prices is }\end{array}$$

• A) $81.6.
• B) $25.8.
• C) $36.6.
• D) $62.7.
• E) $67.6.

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Definitions:

Market for Coffee

The global or local marketplace where coffee, as a commodity, is traded, including its production, distribution, and consumption.

Long Run

Refers to a period in which all factors of production and costs are variable, allowing firms to adjust all inputs.

Own Price Elasticity

An index that illustrates the reaction of demand for a good to the adjustment in its price.

Price Elasticity of Supply

Price Elasticity of Supply measures how the quantity of a good supplied changes in response to a change in price, indicating how sensitive the supply of the good is to price changes.