Answer:
The equilibrium quantity is 26.4
Step-by-step explanation:
Given
Required
Determine the equilibrium quantity
First, we need to determine the equilibrium by equating Qd to Qs
i.e.
This gives:
Collect Like Terms
Solve for P
This is the equilibrium price.
Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:
<em>Hence, the equilibrium quantity is 26.4</em>
Answer:
C.
Step-by-step explanation:
Find the hight and the base that might help
Solution:
1) Simplify \frac{1}{6}x to \frac{x}{6}
y=\frac{x}{6}-2
2) Add 2 to both sides
y+2=\frac{x}{6}
3) Multiply both sides by 6
(y+2)\times 6=x
4) Regroup terms
6(y+2)=x
5) Switch sides
x=6(y+2)
Done!
Answer:
10%
Step-by-step explanation:
Let the third number is X.
then first number = (100-30)% of X
= 70% of X = 7X/10
Second number is (63X/100)
Difference = 7X/10 - 63X/100 = 7X/10
So required percentage is, difference is what percent of first number
=> (7X/100 * 10/7X * 100 )% = 10%
