Table 4-6 -Refer to Table 4-6. If These Are the Only Four

question 130

Multiple Choice

Table 4-6
-Refer to Table 4-6. If these are the only four sellers in the market, then when the price decreases from $4 to $2, the market quantity supplied

• A)increases by 10 units.
• B)decreases by 10 units.
• C)decreases by 20 units.
• D)decreases by 30 units.

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Definitions:

Net Income

The net income of a business once all costs, taxes, and expenses are deducted from its total revenue.

Dividend

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits.

Treasury Stock

Shares that were once part of the outstanding shares of a company but were later reacquired and are held in the company’s treasury.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership of a fraction of a corporation, entitling the holder to a share of the company's profits.