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3 years ago

Using the above supply/demand graph, what is the price at the point of equilibrium? a. 105 b. 100 c. 95 d. 80

Mathematics

2 answers:

crimeas [40]3 years ago

5 0

Answer:

Option A. $\$105$

Step-by-step explanation:

we know that

The point of equilibrium is when the price of the supply is equal to the prive of the demand

Observing the graph

The intersection point is equal to $(80,105)$

The y-coordinate is equal to the price

therefore

The price at the point of equilibrium is $\$105$

ivann1987 [24]3 years ago

3 0

As stated by others, the correct answer out of the choices is A.) 105

Have a great day | night everyone! :)

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First, we design the null and the alternate hypothesis

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Since,

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We conclude that the mean wedding cost is less than $30,000 as advertised.

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