A solution is an assignment of values to the unknown variables that makes the equality in the equation true.
Answer: Equilibrium price would be $13.33 and equilibrium quantity would be 133.3 units.
Step-by-step explanation:
Since we have given that
Demand function is stated as
Supply function is stated as
We need to find the equilibrium price and quantity for this device.
For equilibrium, D(p) = S(p).
so, it becomes,
and when we put the value of p in any function:
Hence, Equilibrium price would be $13.33 and equilibrium quantity would be 133.3 units.
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9 gallons of water
Divide the gallons by the number of plants.
6 ÷ 20 = 0.3
Multiply that by the number of plants you want.
0.3 x 30 = 9