For the Demand Equation Where X Represents the Quantity

question 192

Multiple Choice

For the demand equation where x represents the quantity demanded in units of a thousand and p is the unit price in dollars, determine the quantity demanded when the unit price is set at $6. ​

• A) x = 400 units
• B) x = 3,000 units
• C) x = 4,000 units
• D) x = 40 units
• E) x = 2,000 units

---

Definitions:

Stock Dividend

A dividend payment made to shareholders in the form of additional shares rather than cash, adjusting the ownership proportionately.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuing party, often used in the accounting of share capital.

Capital in Excess of Par

The amount by which the proceeds from the issuance of shares exceed the par value of the shares, often recorded in the shareholders' equity section of the balance sheet.

Homemade Dividend

A strategy where investors create their own dividend policy by selling a portion of their portfolio.