The equilibrium referred to here is the dynamic equilibrium. It means that there is a change happening, but the opposite change are equal so they cancel out. So, we can determine the equilibrium price at the point where the demand and supply curve intersect. That would be at the quantity of 60 units. Therefore, the equilibrium price is $10.
Answer:
Below.
Step-by-step explanation:
[(x - 3)(x +3)] / [(x - 3)(x - 10)]
The x-3 cancels out.
Answer:
the shirt before taxes is $18. the shirt after taxes is 19.53
Step-by-step explanation:
you multiply 20x.10 and you'll get 2. so you subtract 2 from 20, that's $18.
to get taxes, you multpliply 18x.085 and you get $1.53.
you then add $1.53 to 18 and you get your total price of $19.53
Answer: -1.78
Step-by-step explanation:
As per given description, we have
Population proportion : 
Sample size : n= 500
Sample proportion : 
Test statistic for population proportion :-

Hence, the test statistic for this hypothesis test for a proportion= -1.78