- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
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Answer: CIRCLE C
Step-by-step explanation:
Answer:
∠N = 31
Step-by-step explanation:
MN = MP
∠N = ∠P = x+3
∠M + ∠N + ∠P = 180
4x+6 + x+3 + x+3 = 6x + 12 = 180
x = 28
∠N = 28 + 3 = 31
