Answer: Positive
Step-by-step explanation: It would be positive because the question is asking how much money they lost. The lost a positive amount of money.
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.6 cups of flour Step-by-step explanation:
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:
204
Step-by-step explanation:
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