The equilibrium point for the pair of demand and supply function is 100
We have been two linear function, one is linear supply function and other is linear demand function.
In general , linear supply function is given as:
Qs = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
And linear demand function is given is :
Qd = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
According to the question,
Linear supply function is q = 300 + 5x
And linear demand function is q = 4800 – 40x
To find the equilibrium point we will put two quantities equal, that is,
Qs = Qd
300 + 5x = 4800 – 40x
5x + 40x = 4800 – 300
45x = 4500
x = 100
Hence the equilibrium point is 100
Learn more about equilibrium point here : brainly.com/question/1915798
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18m
Step-by-step explanation:
5x3=15 +3 =18
Answer:
1by 20
Step-by-step explanation:
no of digit by no of sides
Answer:
no solution
Step-by-step explanation:
-4(x+5)=-4x-30
-4x-20=-4x+30
no solution
x cancel
Remember: PEMDAS - Parentheses, exponents, multiply/divide, add/subtract
Distribute: 9(1+x) = 9+9x
19 - 5x = 9 + 9x
Add 5x to both sides of the equation and subtract 9 from both sides.
19 - 5x + (5x) = 9 + 9x + (5x)
19 - (9) = 9 - (9) + 14x
10 = 14x
Divide both sides by 14 to get the variable on its own.
10/14 = 14x/14
10/14=x
5/7 = x
