-The Graph Illustrates the Demand Curve for Soda

question 117

Multiple Choice

-The graph illustrates the demand curve for soda.After a rise in the price of a soda from $1.00 a can to $2.00 a can,the quantity of soda demanded

• A) decreases from 2 cans to 0 cans a day.
• B) increases from 0 cans to 2 cans a day.
• C) remains unchanged.
• D) decreases from 1 can to 0 cans a day.
• E) cannot be determined from the figure because the demand curve will shift to a new curve.

---

Definitions:

Shareholder

An individual or entity that owns one or more shares of stock in a corporation, thus holding a portion of the corporation's ownership and often entitled to a share of the corporation's profits and voting rights.

Domination

The exercise of control or influence over someone or something, or the state of being dominant.

Pseudo-Foreign Corporation

A business entity that operates in a country different from its country of incorporation but is treated as a domestic company for legal or tax purposes.

Foreign Corporation

A corporation that is incorporated in one jurisdiction but is doing business and registered to operate in another jurisdiction.