-Refer to Exhibit 38-2

question 64

Multiple Choice

-Refer to Exhibit 38-2.If the closing price of Prancer's stock on the previous day was $55.50,what value goes in blank (C) ?

• A) +0.75
• B) -0.50
• C) +0.50
• D) +0.25
• E) There is not enough information given to answer this question.

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Definitions:

Tax Revenue

The income governments procure through the levy of taxes.

Consumer Surplus

The variance between the total consumers are prepared to invest in a good or service and what they end up investing.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the higher market price they actually receive.

Tax Revenue

Funds acquired by governments from taxation, employed to support public programs and fulfill government responsibilities.