- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
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Step-by-step explanation:
it say the answer is 4 but I don't know how
Answer:
x < 6
Step-by-step explanation:
2x < 12
Divide both sides by 2;
x < 6
x is less than 6
The answer will be 60+ because 48 minutes is a long time and if youstudy for a long time you memorize more