Consider a Perfectly Competitive Market with Inverse Market Supply $P = 5 + 3 Q ^ { s }$

question 50

Multiple Choice

Consider a perfectly competitive market with inverse market supply $P = 5 + 3 Q ^ { s }$ and inverse market demand $P = 50 - 2 Q ^ { d }$ . Suppose the government subsidizes this market with a subsidy of $5 per unit. What is the increase in consumer surplus resulting from the subsidy?

• A) 17
• B) 19
• C) 21
• D) 23

Understand the concept of treasury shares and their financial reporting.

Learn how to prepare journal entries for issuing ordinary and preference shares, including par, stated, and no-par value shares.

Acquire the ability to prepare journal entries for various corporate financial transactions, including share issuance, cash dividends, and treasury share transactions.

Develop skills in matching financial terms with their definitions in the context of corporate finance.

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