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Xanadu Corp

Question 68

Multiple Choice

Xanadu Corp.has issued 90 million shares of stock,and it has no plans to issue any more in the near future.If the demand for Xanadu stock increases,


A) the price and quantity of Xanadu stock will both increase
B) the price and quantity of Xanadu stock will both decrease
C) the price will remain constant,and the quantity of Xanadu stock will increase
D) the quantity of Xanadu stock will remain constant,and the price will increase
E) the price will increase,and the quantity of Xanadu stock will decrease

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