Answer:
Equilibrium quantity = 26.92
Equilibrium price is $31.13
Step-by-step explanation:
Given :Demand function : 
Supply function : 
To Find : find the equilibrium quantity and equilibrium price.
Solution:
Demand function :
--A
Supply function :
---B
Now to find the equilibrium quantity and equilibrium price.
Solve A and B
Subtract B from A
So, equilibrium quantity = 26.92
Substitute the value of q in A
So, equilibrium price is $31.13
Answer:
no they are not reciprocal
Step-by-step explanation:
an example is the reciprocal of 2 would be 1/2
First of all, we need to deduce the price of a single camera:

Now, we know that he profits 36 dollars from each camera. So, we are asking: which percentage of 150 is 36? We have

This equation literally says: 36 is x-percent of 150. And we need to solve for x:

5.49 $, just add them altogether