Intel's Board of Directors Declares a Three-For-One Stock Split

question 123

Multiple Choice

Intel's board of directors declares a three-for-one stock split. Prior to the split, the market price of a share of Intel stock was $30. About how much will each share be worth after the split?

• A) $30
• B) $90
• C) $10
• D) $120
• E) $15

---

Definitions:

Supply

A schedule or curve that shows the various amounts of a product that producers are willing and able to make available for sale at each of a series of possible prices during a specified period of time.

Elastic

A characteristic of a good or service indicating that its quantity demanded or supplied changes significantly when there is a change in price.

Elasticity Of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.

Shifting Resources

The process of reallocating resources from one use to another, often in response to changes in market conditions or economic priorities.