- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
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Answer:
$962.82 will be in John's account after 8 years if compounded semiannually.
Step-by-step explanation:
The formula used to find the amount after 8 years is:
A = P(1+ r/n)^nt
Where A = future value
P= principal value
r = interest rate ( in decimals)
n = no of times interest is compounded
t = time
Putting the values:
P = $600
r = 6% = 0.06
n = 2
t = 8
A= 600 *(1+0.06/2) ^2(8)
A= 600 *(1.03) ^16
A =600*1.605
A = 962.82
So, $962.82 will be in John's account after 8 years if compounded semiannually.
Answer:
D) The number that is 5 to the right of -6 on the number line
Hope this helps :)
(39x52=2028) (3.8x62=18.62) 2028 divided by 18.62 equals (108.915145) 108.91
