I need help with finding the equilibrium prices for each one in the table below. I can't seem to understand how to do it. Please
1 answer:
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Answer:
Point of x-intercept: (2,0).
Point of y-intercept: (0,6).
Step-by-step explanation:
1. Finding the x-intercept.
This point is where the graph of the function touches the x axis. It can be found by substituting the "y" for 0. This is how you do it:
Hence, the point of x-intercept: (2,0).
2. Finding the y-intercept.
This point is where the graph of the function touches the y axis. It can be found by substituting the "x" for 0. This is how you do it:
Hence, the point of y-intercept: (0,6).