Refer to the above graph, which shows the market for beef where demand shifted from D 1 and D 2. The change in equilibrium from E1 to E 2 is most likely to result from:

Scarcity exists because

A) the majority of people in the world are poor. B) people are too greedy and refuse to share what they have with others. C) human wants exceed what can be produced with the limited resources available. D) not enough new technology is being used to eliminate scarcity.

An investor who owns preferred stock has

A) regular voting rights. B) preferential treatment in the payment of dividends. C) the same rights as a bond holder. D) unlimited liability for the debts of the firm.