Answer:
<u></u>
- <u>1. The slope is negative</u>
- <u>2. The demand decreases when the prices increase.</u>
Explanation:
<em>Describe the slope of the demand curve?</em>
<em>The slope of the demand curve</em> is negative.
The demand curve is graphed on a coordinate plane with the price in the horizontal axis (typically the x-axis) and the demand on the vertical axis (y-axis).
Thus, the slope will be the rate of change of the demand over the change on the price.
Mathematically:

Since, as you move from left to right, on the x-axis, the prices increase, and the demand (on the y-axis) lowers, the change in demand is negative and the change in the prices is positive, resulting in a negative slope.
This is seen graphycally because the demand curve is decreasing (downward-sloping).
<em>How does the slope reflect the law of demand?</em>
The slope reflects perfectly <em>the law of demand</em> because the law of demand states that, since the resources are scarce, when the prices incrases the quantities demanded decrease.
Answer:
- Invest $8,470 in X
- Invest $2,530 in Y.
Explanation:
The following expressions can be formed;
Let x and y be the proportions
x + y = 1
0.15x + 0.1y = 13.85%
Expressing y in terms of x;
x + y = 1
y = 100 - x
0.15x + 0.1 ( 1 - x) = 13.85%
0.15x + 0.1 - 0.1x = 13.85%
0.05x = 13.85% - 0.1
x = 13.85%0.05 - 0.1/0.05
x = 77%
Invest 77% in X = 77% * 11,000
= $8,470
Invest in Y
= 11,000 - 8,470
= $2,530
Answer:
C) None of the $5,000 should be included in gross income.
Explanation:
During 2016, Sarah's itemized deductions (other than the stolen silverware) were only $2,000. If Sarah wanted to deduct the stolen silverware, she could have taken a casualty loss = $6,000 - $100 - $3,000 = $2,900. Her total itemized deductions would equal $2,000 + $2,900 = $4,900.
But during that year, Sarah should have opted for a standard deduction of $6,300 which is higher than her itemized deductions. That means that Sarah didn't claim any deduction for her silverware, so any money received from the insurance company should not be included in her gross income.
Answer:
C) $40.000 Decrease
Explanation:
The accounting equation states that: Assets = Liabilities + Equity, so in this case the Assets must decrease in the same amount that change the other side of the equation, $40.000.
Answer:
Net Cash flow from Investing activities -$1,900
Explanation:
Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash
Cash flow from Investing activities
Purchase equipment - $5,400
Sale of land $3,500
Net Cash flow from Investing activities -$1,900
All other transactions are related to the operating and financing activities. Hence ignored it