Figure 4-7 -Refer to Figure 4-7.If the Demand Curve for Good X

question 67

Multiple Choice

Figure 4-7
-Refer to Figure 4-7.If the demand curve for Good X shifts from Da to Db,then

• A)firms would be willing to supply less of Good X than before at each possible price.
• B)people are willing to buy more of Good X than before at each possible price.
• C)people's incomes must have decreased.
• D)the price of Good X has decreased.

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Definitions:

Issued Stock

The total number of shares that a company has sold to investors and are currently outstanding.

Outstanding Stock

The number of shares that have been issued by a company and are held by investors, including both public shareholders and company insiders or officers.

Common Stock

A form of corporate equity ownership, a type of security representing a claim on part of the company's assets and earnings.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividend payment preferences.