The Y- Axis Intercept of the Supply Curve Is 40

question 192

Multiple Choice

The y- axis intercept of the supply curve is 40 and the slope is 6. The equation of the supply curve is

• A)P = 3 + 40QS.
• B)P = 40 + 6QS.
• C)P = 40 - 6QS.
• D)QS = 40 + 6P.
• E)QS = 40 - 6P.

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Definitions:

Bonds

Fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental, which includes terms for interest payments and the return of principal at maturity.

Journal Entry

A record that represents the business transactions in the accounting books, involving at least one debit and one credit.

Stocks And Bonds

Financial instruments representing ownership in a company (stocks) or a debt agreement (bonds) from an issuer to the holder.

Journal Entry

A record in accounting that reflects a business transaction, listing the accounts and amounts to be debited and credited.