1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stella [2.4K]
1 year ago
10

Demand and supply in a market are described by the following equations: qd = 66-3p qs = -4 2p find the equilibrium price and qua

ntity
Mathematics
1 answer:
Arada [10]1 year ago
5 0

The equilibrium price is $14 and the quantity is 24.

<h3>What is the equilibrium price?</h3>

Equilibrium is the place in the market where there is no trend for change.

Buyers’ and sellers’ plans accord, and consequently quantity demanded equals quantity supplied.

The equilibrium price occurs when the quantity demanded equals the quantity supplied.

The demand and supply functions are, respectively:

Demand and supply in a market are described by the following equations: QD = 66-3p and qs = -4 + 2p.

The equilibrium price and quantity are;

QD = QS

66-3p = -4 + 2p

66 + 4 = 2p + 3p

70 = 5p

p = 70/5

p = 14

QD = 66-3p

QD = 66-3 × 14

QD = 66- 42

QD = 24

Hence, the equilibrium price is $14 and the quantity is 24.

Learn more about equilibrium quantity here;

brainly.com/question/5101182

#SPJ4

You might be interested in
Please help explanation if possible
Andrej [43]

9514 1404 393

Answer:

  y -4 = -2(x -(-11))

Step-by-step explanation:

The point slope formula is ...

  y -k = m(x -h) . . . . . line with slope m through point (h, k)

__

So, the boxes in order from left to right are k, m, h.

The problem statement tells you the point is (-11, 4), so h = -11, k = 4. It also tells you the slope is -2, so m = -2.

Putting these numbers in the required order, we have k = 4, m = -2, h = -11 and the equation of the line is ...

  y-\boxed{4}=\boxed{-2}(x-\boxed{-11})

7 0
2 years ago
The sum of two numbers is 61 and the difference is 17 . what are the numbers?
prohojiy [21]
The two numbers are 39 and 22
6 0
3 years ago
At the first meeting of the Tennis Club, the 7 members decided to have a tournament in which every player will play a match agai
mariarad [96]

Answer:

21 matches

Step-by-step explanation:

This is a combination problem where we have to select two member out of 7 members

 

So we want calculation of  7C2

 

   7C2 = 7!/[(2!)(7-2)!]

   (7*6*5*4*3*2*1)/[(2*1) *(5*4*3*2*1]

   (7*6)/2    ~  Note everything that easily cancels here!

   42/2

   21 matches

5 0
2 years ago
PLZ ANSWER AND EXPLAIN IN DETAIL !!!!​
xeze [42]

Answer:

720 liters

Step-by-step explanation:

In 2019 (a non-leap year)

January has 31 days

February has 28 days

March has    31 days

The Total number of days is 90 days

Each day shows a consumption rate of 8 liters / day

Total consumption = 8 * 90 = 720

4 0
2 years ago
Ms Park is making ice cream. Each pint of ice cream she makes requires 2 cups of sugar.
Reil [10]
Part A) y = 2x
Part B) 10 packages because in 5 gallons of ice cream there’s 80 cups and if its only sold in packs of 8 you divide 80 by 8 and get 10
5 0
2 years ago
Other questions:
  • In a parking lot there are motorcycles and cars. You count 98 wheels, and your friend counts 30 vehicles. How many cares are the
    7·2 answers
  • PLEASE HELP ASAP!!! PLEASE HURRY!!!
    6·2 answers
  • Convert 54 kg to g<br><br>0.54 g <br><br>54,000 g<br><br>0.054 g<br><br>5,400 g​
    11·1 answer
  • mary and cindy can do a typing test in 2 hours. mary can do it in 3 hours less than cindy. how many hours can cindy do it in?​
    13·1 answer
  • 3492 and 704. the value of the 4 in blank is blank times the value of 4 in blank
    15·1 answer
  • find the magnitude of two forces f1 and f2 such that at right-angle to each other, their resultant is √13N. Also, if the two for
    14·1 answer
  • Which expression is equivalent to the expression 6h + 2?
    12·2 answers
  • paige must leave her house in 80 minutes for an appointment. she wants to watch a movie while she waits. The movie is 1 hours 15
    15·1 answer
  • Consider the function given by the graph. What are
    15·1 answer
  • 3 siblings reported how long they worked out at the gym. Write the names of the siblings from shortest to longest time.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!