- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
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Answer: 3?
Step-by-step explanation:
4+7= 11 and 11×3 is 33. You can spend 33 dollars for 3 tickets.
Answer:
81+86+89+96 equals an average of 88. If she wants an average of 90 she needs to score a 93 and 96 on the next two tests.
Step-by-step explanation:
Thanks You For Typing it so i can understand hope this helps
Use distributive property: a(b - c) = ab - ac
Answer:\
