The price P of a good and the quality Q of a good are linked.
1 answer:
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.
You might be interested in
Put the values of the variables in place of the variables in the expression, then do the arithmetic.