Answer:
shiii
Step-by-step explanation:
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:
Answer:
The point is at about (4.5, 100).
Step-by-step explanation:
Minka's line is p = 22t, which has a y-intercept of 0.
Kenji's line is p = 50 + 11t, which has a y-intercept of 50.
Find the line with y-intercept at 0 and the line with y-intercept at 50. Follow the two lines until they intersect. The point of intersection is about (4.5, 100).
You can find this point by setting the two equations equal to each other:
22t = 50 + 11t
Subtract 11t from both sides.
11t = 50
t = 50/11 ≈ 4.545
Then you can find the p value for this point by plugging t = 4.545 into either equation.
p = 22(4.545) = 99.99
p = 50 + 11(4.545) = 99.995
On the graph the point is about (4.5, 100).
<h2><u>Given</u><u>:</u><u>-</u></h2>
<h2><u>Solution</u><u>:</u><u>-</u></h2>
Answer:
Step-by-step explanation:
<u>Step 1: Multiply
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Answer: The correct answer is -1
