Suppose Demand for a Good Is Q_D = 100 -

question 23

Multiple Choice

Suppose demand for a good is Q_D = 100 - P and supply is Q_S = -20 + P.What is the amount consumers pay producers?

• A) 60
• B) 2400
• C) 3600
• D) 6400

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Definitions:

Corporate Charter

A corporate charter is a legal document establishing a corporation and outlining its structure, objectives, and operations as recognized by the state.

Cash Dividend

This is a payment made by a company out of its earnings to shareholders, distributed in the form of cash.

Par Common Stock

The nominal or face value assigned to a share of common stock in the company’s charter.

Cumulative Preferred Stock

Stock that has a right to receive regular dividends that were not declared (paid) in prior years.