The equilibrium price in a market is the price where the quantity demanded of the products are equal
The equilibrium price in the market is $2
<h3>How to determine the
equilibrium price </h3>
From the given supply and demand data for wheat:
When the price is $2, the quantity demanded and the quantity supplied for wheat is 61
This means that the equilibrium price $2
Hence, the equilibrium price in the market is $2
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Answer: 32.54
Step-by-step explanation:
Change 5% into a decimal --> .05 then
multiply by the price 30.99 times .05 is 1.5495 then
take 1.5495 and add 30.99 = 32.5395
Round decimal total --> 32.54
Answer:
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Step-by-step explanation:
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I think the answer to In AQRS OR=7, RS=11 M<=42 IN AUVT VT=26, TU= 44 M is THE TRIANGLES ARE NOT SIMILAR.
9514 1404 393
Answer:
275
Step-by-step explanation:
Let h represent the number of hamburgers sold. Then the number of cheeseburgers sold is h-62, and the combined total is ...
hamburgers + cheeseburgers = combined total
h + (h -62) = 488
2h = 550 . . . . . . . . add 62, collect terms
h = 275 . . . . . . . . . .divide by 2
275 hamburgers were sold on Friday.