I hope this picture helps.
Answer:
m = 7.5
Step-by-step explanation:
4m/5 - 2m/3 =1
We want to get rid of the fractions so multiply each side by 5*3 or 15
15 *(4m/5 - 2m/3 ) =1*15
15 *(4m/5) -15( 2m/3 ) =1*15
Canceling like factors
3* 4m -5*2m = 15
Multiply
12m - 10m = 15
2m = 15
Divide each side by 2
2m/2 = 15/2
m = 7.5
Set this up as a proportion.
400/15 = x/6
Solve for x.
I just hope to help! :)
the equilibrium point, is when Demand = Supply, namely, when the amount of "Q"uantity demanded by customers is the same as the Quantity supplied by vendors.
That occurs when both of these equations are equal to each other.
let's do away with the denominators, by multiplying both sides by the LCD of all fractions, in this case, 12.
![\bf \stackrel{\textit{Supply}}{-\cfrac{3}{4}Q+35}~~=~~\stackrel{\textit{Demand}}{\cfrac{2}{3}Q+1}\implies \stackrel{\textit{multiplying by 12}}{12\left( -\cfrac{3}{4}Q+35 \right)=12\left( \cfrac{2}{3}Q+1 \right)} \\\\\\ -9Q+420=8Q+12\implies 408=17Q\implies \cfrac{408}{17}=Q\implies \boxed{24=Q} \\\\\\ \stackrel{\textit{using the found Q in the Demand equation}}{P=\cfrac{2}{3}(24)+1}\implies P=16+1\implies \boxed{P=17} \\\\[-0.35em] \rule{34em}{0.25pt}\\\\ ~\hfill \stackrel{Equilibrium}{(24,17)}~\hfill](https://tex.z-dn.net/?f=%5Cbf%20%5Cstackrel%7B%5Ctextit%7BSupply%7D%7D%7B-%5Ccfrac%7B3%7D%7B4%7DQ%2B35%7D~~%3D~~%5Cstackrel%7B%5Ctextit%7BDemand%7D%7D%7B%5Ccfrac%7B2%7D%7B3%7DQ%2B1%7D%5Cimplies%20%5Cstackrel%7B%5Ctextit%7Bmultiplying%20by%2012%7D%7D%7B12%5Cleft%28%20-%5Ccfrac%7B3%7D%7B4%7DQ%2B35%20%5Cright%29%3D12%5Cleft%28%20%5Ccfrac%7B2%7D%7B3%7DQ%2B1%20%5Cright%29%7D%20%5C%5C%5C%5C%5C%5C%20-9Q%2B420%3D8Q%2B12%5Cimplies%20408%3D17Q%5Cimplies%20%5Ccfrac%7B408%7D%7B17%7D%3DQ%5Cimplies%20%5Cboxed%7B24%3DQ%7D%20%5C%5C%5C%5C%5C%5C%20%5Cstackrel%7B%5Ctextit%7Busing%20the%20found%20Q%20in%20the%20Demand%20equation%7D%7D%7BP%3D%5Ccfrac%7B2%7D%7B3%7D%2824%29%2B1%7D%5Cimplies%20P%3D16%2B1%5Cimplies%20%5Cboxed%7BP%3D17%7D%20%5C%5C%5C%5C%5B-0.35em%5D%20%5Crule%7B34em%7D%7B0.25pt%7D%5C%5C%5C%5C%20~%5Chfill%20%5Cstackrel%7BEquilibrium%7D%7B%2824%2C17%29%7D~%5Chfill)