Scenario 9.2 Consider a Publicly Held Firm (One Whose Stock Shares Are

Multiple Choice

Scenario 9.2
Consider a publicly held firm (one whose stock shares are traded on the stock exchange) that earned revenue worth $350 million and incurred land, labor, and debt costs worth $320 million. The stockholders who have invested a total of $100 million in this firm could have earned 10 percent return on other comparable investments.
-If a firm in a perfectly competitive market raises its price:

A) it will sell less but earn more revenue.
B) it will sell less but earn the same revenue.
C) it will sell exactly the same amount.
D) it will sell less or more depending on elasticity.
E) it will sell nothing.