The Y- Axis Intercept of the Demand Curve Is 60

question 19

Multiple Choice

The y- axis intercept of the demand curve is 60 and the slope is - 8. The equation of the demand curve is

• A)P = 8 - 60QD.
• B)P = 60 - 8QD.
• C)QD = 60 - 8P.
• D)P = 60 + 8QD.
• E)QD = 60 + 8P.

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Definitions:

Debit Balance

A debit balance is the amount of money that a business or individual owes; it reflects transactions that have been debited to an account, increasing the total debit.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Corporate Registrar

A corporate registrar is an entity responsible for maintaining a company’s register of shareowners and managing share issues and transfers.

Mutual Agency

The legal principle that allows each partner in a partnership firm to represent and make decisions for the firm.