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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So if 32 oz is 20% more than the average bottle, you multiply 32 by .20 which gives you 6.4. This means that the 32 oz bottle is 6.4 oz more than the regular bottle. Furthermore, 32 - 6.4 = 25.6 so that's how big the typical bottle is.
Answer:
Barry travels 4mph. Robin travels 5mph. Therefore Robin is walking faster.
Step-by-step explanation:
2x2=4
36/60=0.6
0.2=1
0.2x5=1
1x5=5
Answer:
Step-by-step explanation:
y = ab^x where 0<b<1 for exponential decay
an example would be y = 3(1/7)^x