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liq [111]
3 years ago
5

3 apples at the store for $3.90. This week he purchased 5 apples for $6.50. WHAT IS THE THE EQUATION IN SLOPE INTERCEPT FORM FOR

THE APPLES PURCHASED?
Mathematics
1 answer:
qwelly [4]3 years ago
4 0
To find the slope, use y2-y1/x2-x1
In this case, it is -7-3/4-(-1)
-10/5 
-2/1
That is the same as -2, so the answer is -2
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Answer:

The equilibrium quantity is 26.4

Step-by-step explanation:

Given

Q_d = 48 - 9P

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Required

Determine the equilibrium quantity

First, we need to determine the equilibrium by equating Qd to Qs

i.e.

Q_d = Q_s

This gives:

48 -9P = 12 + 6P

Collect Like Terms

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Solve for P

P = \frac{-36}{-15}

P =2.4

This is the equilibrium price.

Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:

Q_d = 48 - 9P

Q_d = 48 - 9 * 2.4

Q_d = 26.4

<em>Hence, the equilibrium quantity is 26.4</em>

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