If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
Answer:
The value of x is 5.
The value of y is 4.
Step-by-step explanation:
From the figure, the lengths of the lines with equal number of markings are equal.
So, we will have the length of 7x - 4 = 31.
We solve for 'x'.
We get: 7x = 35
⇒ x = 5
Similarly, 4y + 8 = 24
⇒ 4y = 24 - 8
⇒ 4y = 16
⇒ y = 4
Therefore, the value of x = 5 and y = 4.
Hence, the answer.
Answer:
y= 7x+ 7
Step-by-step explanation:
Answer:
Step-by-step explanation:
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