Answer: The equilibrium point represents the raising or lowering the price in response to changes in the supply or demand.
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded.
If the quantity is below the equilibrium point, it will create a shortage. because the quantity supplied is less than quantity demanded.
Hope this helps!
Step-by-step explanation:
Well, the unit rate in the table is approximately 1.143 (8/7)
So, the only lines which have unit rate in between 1.143 and 2 are Line 3 (1.5) and Line 4 (1.2).
Calculate out how many times the denominator goes into the numerator. To do that, divide 234 by 8 and keep only what is to the left of the decimal point:
I think it would be a and f :)
Answer:
0.11,0.4,0.42,0.5,0.8. The median would be 0.446
