The solution to the system of linear equations is where the two lines intersect.
Look for the point where the two lines intersect. The x-value is 2 1/2, and the y-value is -4.
The answer is C.
Answer:
x=10
Step-by-step explanation:
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The equilibrium price in a market is the price where the quantity demanded of the products are equal
The equilibrium price in the market is $2
<h3>How to determine the
equilibrium price </h3>
From the given supply and demand data for wheat:
When the price is $2, the quantity demanded and the quantity supplied for wheat is 61
This means that the equilibrium price $2
Hence, the equilibrium price in the market is $2
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