So I believe you will have to do 10% x 7 as it has been seven years which will be 70% and 70% of 8000 is 5600 so the answer will be £5600
Substitute the values in the expression
b-a=3-2=1
answer b-a=1
Answer:
Step-by-step explanation:
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>