-Using the Data in the Table Above,the Equilibrium Quantity and Equilibrium

question 85

Multiple Choice

-Using the data in the table above,the equilibrium quantity and equilibrium price for a cellular phone are

• A)50,000 and $100.
• B)80,000 and $80.
• C)100,000 and $20.
• D)40,000 and $20.
• E)60,000 and $50.

---

Definitions:

Cash Dividends

Payments made by a company to its shareholders out of its profits or reserves.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific time, detailing assets, liabilities, and equity.

Net Income

The amount of money that remains after all expenses, including taxes and costs of goods sold, have been subtracted from total revenue, indicating the profitability of a company.

Financing Activities

refers to transactions related to raising capital and repaying shareholders, including issuing shares, borrowing, and repaying debt.