If the Price of Hairspray Is Represented by Equation P

question 46

Multiple Choice

If the price of hairspray is represented by equation P = 10 - 0.2 Q_D,then the corresponding quantity of hairspray demanded is represented by the equation

• A) Q_D = 5P - 2.
• B) Q_D = 0.5P + 2.
• C) Q_D = 50 -5P.
• D) Q_D = -10 + 0.2P.

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Definitions:

Floating Charge

A security interest over a fluctuating pool of assets, such as inventory or receivables, which allows the borrower to use the assets in the course of business.

Liquidator

A person or entity appointed to wind up the affairs of a company and dispose of its assets in the event of its liquidation.

Winding Up

The process of concluding a company's affairs, settling its liabilities, and distributing the remaining assets to the shareholders or owners.

Corporations Act

The legislation governing corporate practices, including financial reporting and corporate governance, in particular jurisdictions such as Australia.