If you can write this out, it will read
(4/5)x-2>(3/10) times 2x
Now, lets combine what we can, and then add 2 to both sides,
((4/5)x>(3/5)x+2
Now divide both sides by (4/5), or multiply both sides by (5/4).
x>12x+(2 times (5/4))
The equilibrium referred to here is the dynamic equilibrium. It means that there is a change happening, but the opposite change are equal so they cancel out. So, we can determine the equilibrium price at the point where the demand and supply curve intersect. That would be at the quantity of 60 units. Therefore, the equilibrium price is $10.
Answer:
4
Step-by-step explanation:
