If the shares of stock that Doug owns go up in value from $10,000 to $15,000, then Doug's wealth:
A) increases by $15,000.
B) decreases by $5,000.
C) increases by $5,000.
D) does not change.

Name: If the shares of stock that Doug owns go up in value from $10,000 to $15,000, then Doug's wealth: A) increases by $15,000. B) decreases by $5,000. C) increases by $5,000. D) does not change.
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Question

Quizplus · Accepted Answer

The value of Doug's assets, which includes his shares of stock, increases by $5,000 so his wealth increases by $5,000.

If the Shares of Stock That Doug Owns Go Up