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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:
Answer:
Slope = 1
Step-by-step explanation:
Slope = change in y/change in x
= (8-5)/(5-2)
=3/3
Answer: a. 0.40 b. 0.23 c . 0.435 d . 0.25
Step-by-step explanation:
melanin content Total
high low
moisture high 13 10 23
content low 47 30 77
Total 60 40 <u> </u><u>100</u>
Let A denote the event that a sample has low melanin content, and let B denote the event that a sample has high moisture content.
a) Total skin samples has low melanin content = 10+30=40
P(A)=
b) Total skin samples has high moisture content = 13+10=23
P(B) =
c) A ∩ B = Total skin samples has both low melanin content and high moisture content =10
P(A ∩ B) =
Using conditional probability formula , 

d) 
