Use the Following for Questions 108-115

question 11

Multiple Choice

Use the following for questions 108-115.
Exhibit: The Demand for Bungalow Bob's Bagels

-(Exhibit: The Demand for Bungalow Bob's Bagels) Total revenue increases if the price ________ from ________.

• A) decreases; $0.40 to $0.30
• B) decreases; $0.50 to $0.40
• C) decreases; $0.60 to $0.50
• D) increases; $0.40 to $0.50

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Definitions:

NAV

Net Asset Value; the total value of a fund's assets minus its liabilities, often used in the context of mutual funds.

Closed-End Mutual Funds

Investment funds with a fixed number of shares that are traded on stock exchanges, unlike open-end funds which do not have a fixed number of shares.

NAV

Net Asset Value, representing the per-share/unit price of a fund on a specific date or time.

Redeem Shares

The process of exchanging fund shares for cash or equivalent value, typically executed according to the terms set by the issuing company or fund.