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:
1/2=x/20
times both sides by 20
20/2=x
10=x
answer is 10/20
The simplification of the given expression 
, we get 
.
Given expression is:
By applying the multiplication, we get
→ 
By multiplying the (-) sign into the bracket, we get
→ 
→ 
By arranging the terms, we get
→
Thus the answer above is right.
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