Based on the information given, it can be deduced that the equilibrium price is 1000 and the quantity will be 17000.
The following can be depicted from the information given:
- Qd = 20,000 - 3P
- Qs = 15,000 + 2P
To get the equilibrium price and quantity, both will be equated. This will be:
Qd = Qs
20,000 - 3P = 15,000 + 2P
2P + 3P = 20000 - 15000
5P = 5000
P = 5000/5
P = 1000
Then, the quantity will be:
Qd = 20,000 - 3P
Q = 20000 - 3(1000)
Q = 20000 - 3000
Q = 17000
The quantity is 17000.
In a situation where the energy sector improves the technology, there'll be an increase in the quantity of the product and a reduction in price.
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brainly.com/question/14297698
Answer:
yes! why would'nt you? theres natural rights, jobs, and FREEDOM!!!
Explanation:
Pangaea will happen again because the plates are moving and therefore the contents are moving.<span />
Answer:
statement
Explanation:
Statement: The term statement refers to something that can be said or written by an individual that given particular information related to some topic or phenomenon in a definite or formal way. If an individual explains a particular thing or an action as a statement then it is meant that the statement describes a specific idea or opinion that he or she has.
Example: Food recipe, thesis or a specific paper, credit card bill, etc.
In the question above, the given statement signifies the importance of 'statement'.
There is nothing I can help you with that I see of.
