Answer:
= -6
positive/negative= negative (the sign rule)
54/9=6
You can use the calculator too
Step-by-step explanation:
The equilibruim point of a demand and supply function is the point at which the quantity demanded is equal to the quantity supplied.
Given the demand function as
and the supply function as
The equilibruim quantity is obtained as follows:
There is no real equilibruim quantity and price for the given demand and supply function.
Answer:
The graph in the attached figure
Step-by-step explanation:
we have
This is a exponential function of the form
where
a is the initial value (y-intercept)
b is the base
r is the rate of change
b=(1+r)
In this problem
a=2
b=3
1+r=3
r=3-1=2
r=200%
using a graphing tool
The graph in the attached figure