Answer:
-20x+8
Step-by-step explanation:
Step 1: rearrange the equation
16x^2 - 3x^2 - 7x - 13x +8
Step 2: solve the equation
16x^2 - 3x^2 = 13x^2
-7x - 13x = -20x
(the +8 will stay the same)
so when we put it all together it gives us
13x^2 - 20x + 8
the equilibrium point, is when Demand = Supply, namely, when the amount of "Q"uantity demanded by customers is the same as the Quantity supplied by vendors.
That occurs when both of these equations are equal to each other.
let's do away with the denominators, by multiplying both sides by the LCD of all fractions, in this case, 12.