Stock Prices on Consecutive Days for a Stock Are Shown

question 39

Multiple Choice

Stock prices on consecutive days for a stock are shown. Find the increase (decrease) in the price of each stock as a number
and the percent increase (decrease) rounded to the nearest tenth of a percent.
-42.19, 41.31

• A)-0.88; 2.1%
• B)0.88; (2.1%)
• C)-0.88; (2.1%)
• D)0.88; 2.1%

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Demand

The quantity of a particular good or service that consumers are willing and able to purchase at various prices during a given period of time.

Supply Curve

A graphical representation showing the relationship between the quantity of goods that producers are willing to sell and the price of those goods.