Refer to the Above Figure

question 239

Multiple Choice

Refer to the above figure.In the absence of a subsidy,

• A)Qd would be demanded and would be supplied.
• B)the price Pd would be charged and quantity demanded.
• C)the quantity Qo and price Po would prevail in the market.
• D)None of the above is correct.

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Definitions:

Cumulative Voting

A voting system in corporate elections that allows shareholders to concentrate all their votes on one candidate for the board of directors.

Illegal Dumping

The improper disposal of waste at a non-approved location.

Duty of Loyalty

is an ethical and legal obligation requiring individuals, often corporate directors or employees, to act in the best interest of their company or employer, avoiding conflicts of interest.

Duty of Care

A legal obligation imposed on individuals or entities requiring adherence to a standard of reasonable care to prevent harm to others.