The equilibrium point for the pair of demand and supply function is 100
We have been two linear function, one is linear supply function and other is linear demand function.
In general , linear supply function is given as:
Qs = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
And linear demand function is given is :
Qd = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
According to the question,
Linear supply function is q = 300 + 5x
And linear demand function is q = 4800 – 40x
To find the equilibrium point we will put two quantities equal, that is,
Qs = Qd
300 + 5x = 4800 – 40x
5x + 40x = 4800 – 300
45x = 4500
x = 100
Hence the equilibrium point is 100
Learn more about equilibrium point here : brainly.com/question/1915798
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Answer: THE ANSWER IS 2 :)
Step-by-step explanation:
3(q+2) Do distributive property
3q=6 Divide 3q to both side
3q = 3q
q= 2 This is the answer
B! If you draw the line of symmetry diagonally, you have two triangles
A= (1/2) b*h
h=3 sqrt3
A= (1/2)*6*3sqrt3
A= 9sqrt3 square inches
Answer: each person would get 1.5 pounds of gold
Step-by-step explanation:
12/8= 1.5
