Use the Following Diagram to Answer the Following Questions

question 77

Multiple Choice

Use the following diagram to answer the following questions.

-Refer to Pen. If the supply price increases from $1 to $3 per pen, the quantity supplied:

• A) will decrease by 10 pens per day.
• B) will decrease by 20 pens per day.
• C) will increase by 20 pens per day.
• D) will increase by 10 pens per day.

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Definitions:

Equity Modes

Different methods a company can use to enter and operate in foreign markets, typically involving significant ownership and long-term commitment, such as joint ventures or subsidiaries.

Large Investment

Substantial financial commitment in assets or projects expecting future returns.

Equity Modes

Various methods or approaches for a company to raise capital through the sale of shares in the business to investors.

Joint Ventures

Business arrangements where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or business activity.