- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
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You would end up having $12,000 at that rate since 54 divided by 9 is 6
Answer:
B) 6(x+2y) + 4 = 6x + 12 y + 4
Answer:
-3
Step-by-step explanation:
Answer: x = 0
y = 2
z = -1
Step-by-step explanation:
The system of equations are
x+y+z=1 - - - - - - - - - - 1
-2x+4y+6z=2 - - - - - - - - - 2
-x+3y-5z=11 - - - - - - - - - 3
Step 1
We would eliminate x by adding equation 1 to equation 3. It becomes
4y -4z = 12 - - - - - - - - - 4
Step 2
We would multiply equation 1 by 2. It becomes
2x + 2y + 2z = 2 - - - - - - - - - 5
We would add equation 2 and equation 5. It becomes
6y + 8z = 4 - - - - - - - - - 6
Step 3
We would multiply equation 4 by 6 and equation 6 by 4. It becomes
24y - 24z = 72 - - - - - - - - 7
24y + 32z = 16 - - - - - - - - 8
We would subtract equation 8 from equation 7. It becomes
-56z = 56
z = -56/56 = -1
Substituting z = -1 into 7, it becomes
24y - 24×-1 = 72
24y + 24 = 72
24y = 72 - 24 = 48
y = 48/24 = 2
Substituting y = 2 and z = -1 into equation 1, it becomes
x + 2 - 1 = 1
x = 1 - 1 = 0
