You can figure out the answer by doing this:
8% = 2300/x
and do the same for the second one
(and solve)
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:
x = -2
Step-by-step explanation:
<u><em>First, you need to subtract 8x from both sides:</em></u>
8x – 4 = 13x + 6
-8x -8x
____________
-4 = 5x + 6
<em><u>Then, subtract 6 from both sides:</u></em>
-4 = 5x + 6
-6 - 6
________
-10 = 5x
<u><em>Lastly, divide both sides by 5:</em></u>
-10 = 5x
-2 = x
you divide 72 by 2 to get r by itself and get 36
so r=36
