If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
Answer:
Where is the question?
Step-by-step explanation:
Answer:
It's gonna be 2t - 7 my friend
Step-by-step explanation:
Answer: $6.67
Step-by-step explanation: Divide 18 by 2.7 which would be $6.67.