-Refer to the Above Information to Answer This Question

question 25

Multiple Choice

-Refer to the above information to answer this question.If both demand and supply increase by 40 units,what will be the new values of equilibrium price and quantity?

• A)$40 and 140.
• B)$50 and 140.
• C)$60 and 100.
• D)$60 and 140.
• E)The price will be $50 but equilibrium is not possible.

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Definitions:

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and equity of a parent company and its subsidiaries as one entity.

U.S. Dollars

The currency of the United States, used as the standard monetary unit.

Consolidation Worksheet

A financial document used for combining the financial statements of a parent company with its subsidiaries to present as one entity.

Equity Method

An accounting method used to assess the profits earned by investments in other companies by recording income equivalent to the investor's share of the investee's profits.