"because coke and pepsi are substitutes, a decrease in the price of pepsi will cause the demand for coke to decrease. this initial shift in demand for coke results in a lower price for coke; this lower price will cause the demand curve for coke to shift to the left." which of the following correctly comments on this statement?

Atrough in the business cycle occurs when

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

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