Suppose the quantity demanded for a security is
BD = 150 ? 0.1b,and the quantity supplied of the security is
BS = 50 + 0.1b,where b is the price of the security in dollars. Suppose that the supply curve shifts to
BS = 75 + 0.1b.The equilibrium price of the security
A. rises by $50.
B. rises by $125.
C. falls by $125.
D. falls by $50.
Answer: C
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Indicate whether the statement is true or false
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A) implied authority B) expressed authority C) estoppel D) ratification