Please help i know this is not that hard but i have this and one other thing due in a few minutes and i can't get them both in o
n time
2 answers:
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Answer: At $21.85, the supply will equal to demand.
Step-by-step explanation:
Since we have given that
Demand function is given by
Supply function is given by
According to question, we need to find the price for which the supply equals the demand, i.e. Equilibrium price and quantity.
So, at $21.85, the supply will equal to demand.
This is an arithmetic sequence (graph is a line), so function:
a(n) = First term + (n-1) * Common Difference
Here First term = 42 and Common difference = 34 - 36 = -2 so
Answer B.
a(n) = First term + (n-1) * Common Difference
Here First term = 42 and Common difference = 34 - 36 = -2 so
Answer B.