Yes a reduction in market price will lead to an increase in quantity demanded.
Explanation:
It is true that when price decreases demand increases as these two factors affects each other inversely. There is a negative relationship between price and demand and it is known as Law of demand.
If the price increases , the quantity demanded falls down (but demand itself stays the same). If the price falls down, quantity demanded goes up. People who were demanding less due to the high price will demand more if price falls as this will not affect the their pocket more as earlier.
Answer:
To find EMI (P) we know that the yearly EMI for the loan of $20000 for 35 years at an interest of 3.5% is $992 per year.
Therefore upon calculating the loan after the seventeenth year we have $19252
The EMI calculated after the one-third permitted on the seventeenth payment is, therefore: $992*1/3= 992/3=$330
Therefore, the balance calculated after the twenty-seventh instalment = $6150
Therefore the yearly EMI (P) for the loan of $6150 at 4% for the remaining eight years is $900 per year.
Explanation:
To find EMI (P) we know that the yearly EMI for the loan of $20000 for 35 years at an interest of 3.5% is $992 per year.
Therefore upon calculating the loan after the seventeenth year we have $19252
The EMI calculated after the one-third permitted on the seventeenth payment is, therefore: $992*1/3= 992/3=$330
Therefore, the balance calculated after the twenty-seventh instalment = $6150
Therefore the yearly EMI (P) for the loan of $6150 at 4% for the remaining eight years is $900 per year.
D is the answer I’m sure of it
Answer:
equipment value 21,100
depreciation per year under striaght-line method: $2,860
Explanation:
All incurred cost needed to leave the equipment ready for use must be capitalized:
We should incluide
cost 18,300 + 2,800 freight-in cost = 21,100
depreication per year: 2,860
