If the Demand Curve Slopes Downward and the Supply Curve

question 29

Multiple Choice

If the demand curve slopes downward and the supply curve slopes upward,which of the following events leads to an increase in both the equilibrium price and quantity?

• A) a rightward shift in supply with demand unchanged
• B) a leftward shift in both demand and supply
• C) a leftward shift in supply with demand unchanged
• D) a leftward shift in demand with supply unchanged
• E) a rightward shift in demand with supply unchanged

Distinguish between income categories as defined in the Conceptual Framework.

Understand required disclosures under revenue recognition standards.

Understand the basic structure and types of investment vehicles, including mutual funds, closed-end funds, and REITs.

Calculate and interpret the net asset value (NAV) of mutual funds.