Answer:
5 : 36
There are 36 people in total and only 5 have green shoes.
At the equilibrium price p, we can solve for the quantity of goods x :
demand = supply
5200 - 0.0005x = 2800 + 0.0003x
2400 = 0.0008x
x = 3,000,000
With this quantity of goods, the equilibrium price is
p = 5200 - 0.0005 (3,000,000)
p = 5200 - 1500
p = 3700
Answer:
x= ±√14+3
Step-by-step explanation:
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Answer:
<em>The answer is 1.2001 * 10^-5</em>
