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asambeis [7]
3 years ago
15

At a unit price of $992, the quantity demanded of a certain commodity is 74 pounds. If the unit price increases to $1034, the qu

antity demanded decreases by 21 pounds. Find the demand equation (assuming it is linear) where p is the unit price and x is the quantity demanded for this commodity in pounds.
Business
1 answer:
Valentin [98]3 years ago
7 0

Answer:

Price= -0.79 Quantity demanded +1050.64

Explanation:

x1= 74          x2= 21

y1= $992     y2= $1034

If we have two x values ( in this case the independent variable is quantity demanded) and if we have two Y values ( in this case the dependent variable is price) we can calculate the slope (m) of the equation by using this formula:

m= (y2-y1)/(x2-x1)

m=(1034-992)/ (21-74)

m= -0.79

To find the equation we use this formula:

Y-y1= m (X-x1)

We can use either of the points the problem gives us.

Y-992= -0.79 (X-74)

Y-992= -0.79 X + 58.64

Y= -0.79 X+ 58.64+992

Y= -0.79X +1050.64

Price= -0.79 quantity demanded +1050.64

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The accounts payable account is a/an option C: <u>liability; credit, </u>and it has a normal.

<h3>What do you mean by Account payable?</h3>

A account payable is refers to as the monet owned by a company to its supplies and its represent in the firm's balance sheet.

The main role of account payable os to provide financial, administrative and clerical support to the firm. Their main role include complete the whole payment and control expenses.

Moreover, it is considered as the liability for each business because the company have to pay back its all due on particular period of time and it is credit in nature.

Hence, rest all options like A, B and D are incorrect because it does not considered under the account payable account.

Therefore, correct option is C.

Learn more about Account payable, refer to the link:

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1 year ago
If any, which of the following statements is FALSE?A. NPV measures the value created by taking on an investmentB. NPV indicates
dedylja [7]

Answer:

C. NPV is the discounted present value of a project's expected future accounting net income at the required return, subtracting the initial investment.

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3 0
3 years ago
Here and After Corporation plans a new issue of preferred stock. Similar risk stock currently offers an annual return to investo
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Answer: d. $133.74

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3 years ago
Read 2 more answers
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IgorC [24]

Answer:

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So option (d) will be correct option

Explanation:

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