Answer:
Equilibrium quantity = 26.92
Equilibrium price is $31.13
Step-by-step explanation:
Given :Demand function : 
Supply function : 
To Find : find the equilibrium quantity and equilibrium price.
Solution:
Demand function :
--A
Supply function :
---B
Now to find the equilibrium quantity and equilibrium price.
Solve A and B
Subtract B from A
So, equilibrium quantity = 26.92
Substitute the value of q in A
So, equilibrium price is $31.13
Answer: 6/5
Step-by-step explanation:
Answer:
There is no solution because the graphs do not intersect
Step-by-step explanation:
Both of theses equations do intersect with one another when graphed. In conclusion, there is no solution.
3x - 6 = 2x + 6
3x = 2x + 6 + 6
3x = 2x + 12
3x - 2x = 12
x = 12