Which of the Following Would Cause Both the Equilibrium Price

question 129

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of cotton (assume that cotton is a normal good) to increase?

• A)An increase in consumer income.
• B)A drought that sharply reduces cotton output.
• C)A decrease in consumer income.
• D)Unusually good weather that results in a bumper crop of cotton.

Grasp the concepts surrounding shareholders' equity, including components and its calculation.

Understand the legal and regulatory environment specific to corporations.

Comprehend the role and mechanisms of dividends in a corporation.

Understand the calculations and implications of earnings per share and dividend policies.

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