The Table Below Displays Hypothetical Demand and Supply Schedules for the Market

question 97

Multiple Choice

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada.
TABLE 3-4
-Refer to Table 3-4.The equilibrium price and quantity for overnight parcel delivery in Year 1 is ________ and ________ million parcels.

• A)$30; 80
• B)$14; 120
• C)$22; 115
• D)$10; 115
• E)$22; 130

---

Definitions:

Unregulated

Lacking regulatory restrictions within a particular industry or activity.

Best Efforts Basis

A commitment to perform a task to the best of one's ability, often used in financial transactions to indicate that an underwriter or other party will endeavor to sell as much of an offering as possible without guarantees.

IPO Issues

Refers to the various considerations and challenges that arise during the Initial Public Offering process when a company goes public and offers shares to the public for the first time.

Shelf Prospectus

A regulatory document filed by a company that allows it to issue shares to the public without having to re-file with the securities commission for each offering.