Answer:
The equilibrium point represents the raising or lowering the price in response to changes in the supply or demand.
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded.
If the quantity is below the equilibrium point, it will create a shortage. because the quantity supplied is less than quantity demanded.
Hope this helps!
Step-by-step explanation:
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5x + 3y= 8.50
3x + 2y= 5.25
Lydia is the first equation. She bought 5 pounds of apples which is x and bought 3 pounds of bananas which is y. Basically, remember each banana and apple weighs a price per pound. We don't know the price so we just put an x. This is the same for the second equation
Answer:
B.
Step-by-step explanation:
(1,-8) sorry if you needed an explanation i am not good at that. Hope this helped!!