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.

---

Definitions:

Financial Management

The strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an institution; it also includes applying management principles to the financial assets of an organization.

Third-Party

An entity or individual not directly involved in a transaction or agreement but who may be affected by it or have an interest in it.

Honoring Checks

The act of accepting a check as payment and processing it as directed by the terms written on the check.

Drawer-Depositor

An individual or entity that has the authority to write and deposit checks within a banking relationship.