The Following Figure Gives Both Supply and Demand Curves for a Certain

question 66

Multiple Choice

The following figure gives both supply and demand curves for a certain product. If the price is $50 per item, how many items will the consumers buy?

• A)1000
• B)2400
• C)1700
• D)4000

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Common Shares

Equity ownership units in a corporation, entitling holders to voting rights and dividends.

Share Capital

Share capital refers to the funds raised by a company through the issuance of shares, which represent ownership interests in the company.

IFRS

International Financial Reporting Standards, a set of accounting guidelines that provide the basis for financial reporting across many countries globally.