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katrin2010 [14]
3 years ago
14

Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation p = 462 − 5 q , and the quan

tity supplied is given by the equation p = 2 q . Find the equilibrium price and quantity.
Mathematics
1 answer:
Elena L [17]3 years ago
5 0

Answer:

q = 66

P = 132

Step-by-step explanation:

To get the equilibrium price, we need to find the price at which the quantity demanded equals the quantity supplied.

Now we equate the equations of the demanded quantity and the supplied quantity:

462 - 5q = 2q

7q = 462

q = 462/7 = 66

The price at this level is obtained by substituting the value of q into any of the equation

Using P = 2q

P = 2 * 66 = 132

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Step-by-step explanation:

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2 years ago
Dylan drank 5.2 ounces of water before soccer practice, and 12.9 ounces after practice. Before he drank any water, there were 28
Elan Coil [88]

Answer:

x=28-5.2-12.9, 9.9 ounces of water remaining.

Step-by-step explanation:

<u>Given:</u>

Dylan drank 5.2 ounces of water before soccer practice, and 12.9 ounces after practice.

Before he drank any water, there were 28 ounces of water in the container.

<u>Question asked:</u>

Which expression can be used to find the amount of water remaining?

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8 0
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Tresset [83]
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Step-by-step explanation:

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