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Helga [31]
3 years ago
15

For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price i

n dollars, find the equilibrium quantity and the equilibrium price. 2x + 7p − 56 = 0 and 3x − 11p + 45 = 0
Mathematics
1 answer:
Liono4ka [1.6K]3 years ago
8 0

Answer:

7 and 6 respectively

Step-by-step explanation:

Firstly, we have to solve the equations simultaneously.

2x + 7p = 56

3x - 11p = -45

Multiply equation I by 3 and ii by 2

6x +21p = 168

6x - 22p = -90

Subtract the second from first to yield:

43p = 258

p = 6

Insert this in equation 1 where we have 2x + 7p = 56

2x + 7(6) =56

2x + 42 = 56

2x = 14 and x = 7

The equilibrium price is 6 and the equilibrium quantity is 7

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does the following system of equations have a solution if so find it. 2x+y+z= 4 x-y+3z= -2 -x+y+z= -2
saul85 [17]
I'd suggest using "elimination by addition and subtraction" here, altho' there are other approaches (such as matrices, substitution, etc.).

Note that if you add the 3rd equation to the second, the x terms cancel out, and you are left with the system

 - y + 3z = -2
   y  + z  =  -2
-----------------
         4z = -4, so z = -1.

Next, multiply the 3rd equation by 2:  You'll get -2x + 2y + 2z = -2.

Add this result to the first equation.  The 2x terms will cancel, leaving you with the system

2y + 2z = -2
  y  +  z  = 4

This would be a good time to subst. -1 for z.  We then get:

-2y - 2 = -2.  Then y must be 0.  y = 0.

Now subst. -1 for z and 0 for y in any of the original equations.

For example, x - (-1) + 3(0) = -2, so x + 1 = -2, or x = -3.

Then a tentative solution is     (-3, -1, 0).

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3 years ago
WILL GIVE BRAINIEST N 20 POINTS !!!
tatyana61 [14]

graph B shows the correct business equation.

we can represent it as

y = 5 + 2x

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and so on.

3 0
3 years ago
At the beginning of year 1, Sam invests $700 at an annual compound interest
Aleksandr-060686 [28]

at the beginning of year 4, only 3 years have elapsed, the 4th year hasn't started yet, since it's at the beginning, so at the beginning of year 4 we can say only 4-1 years have elapsed.

~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$700\\ r=rate\to 5\%\to \frac{5}{100}\dotfill &0.05\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=\textit{elapsed years}\dotfill &3 \end{cases}

A=700\left( 1 + \frac{0.05}{1} \right)^{1\cdot 3}\implies A = 700(1+0.05)^3\implies A(4)=700(1+0.05)^{4-1} \\\\[-0.35em] ~\dotfill\\\\ ~\hfill A(n)=700(1+0.05)^{n-1}~\hfill

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