Answer: An increase in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase. A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease. ... A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.
Answer:
14 minivans
Step-by-step explanation:
From the question
A total of 20 families participate in a car wash. Each family brings two cars.
Hence, the total number of cars brought to the car wash is:
20 × 2
= 40 cars.
Mr. Gonzales notices that 35% of the cars were minivans.
The number of minivans were washed is :
35% of the total number of cars
= 35/100 × 40
= 14 minivans
Hence, 14 minivans were washed
Step-by-step explanation:
Answer:
The value of P( A and B ) is 0.08.
Step-by-step explanation:
When two events are independent then the probability of both occurring is equal to the product of probabilities of both events individually,
That is, If X and Y are independent events,
Then, P(X∩Y) = P(X) × P(Y),
or P(X and Y) = P(X) × P(Y),
Here, P(A) = 0.40 and P(B) = 0.20,
Hence, P(A∩B) = P(A) × P(B)
= 0.40 × 0.20
= 0.08
