Q2: A market is represented by Q = 200P -800 and Q = 11800 150P where Q is measured in units per year and P is measured in dollars per unit. %3D %3D a) Which equation represents the demand in the market? Explain how you determined that this equation is demand. b) Which equation represents the supply in the market? Explain how you determined that this equation is supply.

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.