The equilibrium price is $12.
<h3>What is the
equilibrium price ?</h3>
Equilibrium is the point where the quantity demanded is equal to the quantity supplied. The price at equilibrium is known as the equilibrium price and the quantity at equilibrium is known as the equilibrium quantity.
When shown on a graph, equilibrium is the point where the quantity demanded curve is equal to the quantity supplied curve.
When there is equilibrium, the equation of quantity demanded would be equal to the equation of quantity supplied.
-280 + 40p = 800 - 50p
In order to determine the value of p, take the following steps:
Combine similar terms: 800 + 280 = 40p + 50p
Add similar terms = 1080 = 90p
Divide both sides of the equation by 90 : 1080 / 90 = 12
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Answer:
Distance is 8.485
Midpoint is (3,4)
Step-by-step explanation:
Use the points (-1,7) and (5,1)
Insert them into the equation and solve for D
Insert points into second equation to find midpoint
Answer:
10 years
Step-by-step explanation:
