Answer:
How do you find the equilibrium price with a supply and demand function?
To determine the equilibrium price, do the following.
Set quantity demanded equal to quantity supplied:
Add 50P to both sides of the equation. You get.
Add 100 to both sides of the equation. You get.
Divide both sides of the equation by 200. You get P equals $2.00 per box. This is the equilibrium price.
Answer:
Price went up, $24.64/year for 28 years
Step-by-step explanation:
Change Year = 28
Change Price = 690
Average rate = 690/28 = 24.64
Step-by-step explanation:
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