A linear equation is drawn as a straight line on a set of axes. To draw the graph we need coordinates. We generate these coordinates by substituting values into the linear equation. STEP 1 - Draw ...

Bottom Line The expanded accounting equation offers a comprehensive framework for understanding how financial activities impact a company's overall financial standing.

Once the equilibrium price is known, you can then use the information to calculate the demand equation. Some diminishing demands are linear and decline at a fixed rate.