Figure 3-2 -Refer to Figure 3-2.An Increase in the Price of the Price

question 8

Multiple Choice

Figure 3-2
-Refer to Figure 3-2.An increase in the price of the product would be represented by a movement from

• A)A to B.
• B)B to A.
• C)S1 to S2.
• D)S2 to S1.

---

Definitions:

Proxy

A person authorized to act on behalf of another, especially in voting at a meeting or in corporate matters.

Agency

A relationship where one party (the agent) is authorized to act for another (the principal) in dealings with third parties.

Voting Trusts

Legal arrangements used to combine the voting power of shareowners by temporarily transferring their shares to a trustee, often used to control corporations.

Direct Suit

A direct suit is a legal action initiated directly by one party against another for the purpose of resolving a dispute or seeking damages.