The equilibrium price is $12.
<h3>What is the
equilibrium price ?</h3>
Equilibrium is the point where the quantity demanded is equal to the quantity supplied. The price at equilibrium is known as the equilibrium price and the quantity at equilibrium is known as the equilibrium quantity.
When shown on a graph, equilibrium is the point where the quantity demanded curve is equal to the quantity supplied curve.
When there is equilibrium, the equation of quantity demanded would be equal to the equation of quantity supplied.
-280 + 40p = 800 - 50p
In order to determine the value of p, take the following steps:
Combine similar terms: 800 + 280 = 40p + 50p
Add similar terms = 1080 = 90p
Divide both sides of the equation by 90 : 1080 / 90 = 12
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Mr. chang paid the least because 10% off 25 is more than 20%off 30
We need to find 240,000 written as a whole number multiplied by a power of ten.
We need to get rid of the four zeros behind 24 in 240,000.
24 would be our whole number.
We would need to multiply 24 by 10,000 to get 240,000.
10,000 is equal to 
because there are 4 zeros. Ex. when multiplying 200 by 30, we first multiply 2 * 3 then we add 3 zeros to the end of 6. So for 10*10*10*10, we add 4 zeros to the end of 1 which equals 10,000.
So the answer would be 24 ×
22,500+135,00= 157,000
15% is wrong, 15% equals 22,500
Next, 10% 15000
If you add 15000 to 135000 it will equal 150000 so 10% is correct.
