What is the price called at which the quantity demanded is equal to the quantity supplied?
2 answers:
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Step-by-step explanation:
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Answer:
Mai lives 384 miles away from the mountains
Step-by-step explanation:
Let d represent distance between Mai's house and mountains and r represent Mai's rate while going to mountains.
We have been given that there was heavy traffic on the way there, and the trip to mountains took 8 hours.
We are also told that when Mai drove home, there was no traffic and the trip only took 6 hours. Her average rate was 16 miles per hour faster on the trip home.
Upon equating equation (1) and equation (2), we will get:
Upon substituting in equation (1), we will get:
Therefore, Mai lives 384 miles away from the mountains.