A value of a certain stock went up by 12% . Which functions can be used to find the current value of the stock that has an origi
1 answer:
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Answer:
The equilibrium quantity is 26.4
Step-by-step explanation:
Given
Required
Determine the equilibrium quantity
First, we need to determine the equilibrium by equating Qd to Qs
i.e.
This gives:
Collect Like Terms
Solve for P
This is the equilibrium price.
Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:
<em>Hence, the equilibrium quantity is 26.4</em>
Answer:
Step-by-step explanation:
Given the algebraic expression;
To make n the subject of formula.
Cross-multiplying, we have;
Rearranging the equation, we have;