Answer:
The equilibrium quantity is 26.4
Step-by-step explanation:
Given
Required
Determine the equilibrium quantity
First, we need to determine the equilibrium by equating Qd to Qs
i.e.
This gives:
Collect Like Terms
Solve for P
This is the equilibrium price.
Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:
<em>Hence, the equilibrium quantity is 26.4</em>
33 +4x = 513
4x = 480 (x = 480/4: x = 120)
Answer
Step 2 Divide each side by 4
Answer:
200 miles
Step-by-step explanation:
First have to find how many miles he drives in 1 hour. So, we divide 120 miles by 3 hours, since we assume that he managed to drive an equal amount in each hour.
120/3=40
This shows that Mr. Sanchez drove at a rate of 40 mph.
But, this isn't the answer. 40 miles is the distance for one hour of driving. To find the distance for 5 hours, we have to multiply the distance by 5 as well.
40 times 5=200
Number one would be 1.5 , 3 and number two would be 1.5 , 1
