- 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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The answer is $6.43. Hope this helps
Answer:
11
Step-by-step explanation:
55/5 equals 11
To do this you have to times the number of fabric by the length of each fabric
so you have 6*5/8=30/8=15/4 or 3.75
Answer:
Step-by-step explanation:
She paid $50 to activate one time and pays $20/ month
20.00x3=60.00
60.00+50.00=110.00
