- 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:
2:55 P.M.
Step-by-step explanation:
First, add the amount of time Jim played outside; 45+55=100
100 minutes is equal to 1 hour 40 minutes.
If he left the playground at 4:35 P.M., then you have to subtract in order to find out when he arrived there.
Subtract 1 hour 40 minutes from 4:35 P.M. to then get 2:55 P.M.
To confirm your answer, you can add back the 1 hour and 40 minutes to 2:55 P.M. and you'll get 4:35 P.M.; back with what you started with.
Hope this helped !!!
Well, if every box is a unit, it would be 6 units in length.
