The equilibrium price is $14 and the quantity is 24.
<h3>What is the equilibrium price?</h3>
Equilibrium is the place in the market where there is no trend for change.
Buyers’ and sellers’ plans accord, and consequently quantity demanded equals quantity supplied.
The equilibrium price occurs when the quantity demanded equals the quantity supplied.
The demand and supply functions are, respectively:
Demand and supply in a market are described by the following equations: QD = 66-3p and qs = -4 + 2p.
The equilibrium price and quantity are;
QD = QS
66-3p = -4 + 2p
66 + 4 = 2p + 3p
70 = 5p
p = 70/5
p = 14
QD = 66-3p
QD = 66-3 × 14
QD = 66- 42
QD = 24
Hence, the equilibrium price is $14 and the quantity is 24.
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i say thi because 360 into 4 quadrants is 90 per qudrant than tge second quadrant is almost full so i put the answer nearly 2 quadrants
The function f(x) is increasing on the interval (-4, 0) ∪ (4, ∞).