- 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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I: 2x+y=5
II:3x+2y=4
start by eliminating y
-2*I: -4x-2y=-10
II: 3x+2y=4
add both equations together
-2*I+II: -4x-2y+3x+2y=-10+4
-1x=-6
x=6
insert x=6 into I:
2*6+y=5
y=5-12
y=-7
so the solution is x=6, y=-7
Answer:4
Step-by-step explanation:
1:6
Divide 6 by 24
you will get 4
Times your answer by 1 and then u will get your final answer
None of the above because it will be 3.2 or -3.2
