If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
Rise over Run
Put the amount you go up or down on the Y-axis over how much you go right or the x-axis
the Y-intercept is found simply by looking where the graph crosses the y, if the equation is written instead of graphed, graph it using a graphing calculator, then use the information I gave you previously : )
Answer: The 3 in 3,899 is 10 times the 3 in 4,385!
So you want to cross multiply. then it would be 3x=25 then divide by 3 isolating x. x=25/3
Answer:
2,193 plants
Step-by-step explanation:
70% = 70/100 = 0.70
(0.70)(1290) = 903
903 + 1290 = 2193
