When the supply curve increases, it shifts to the right, making the market equilibrium price lower because the oversupply of the quantity causes demand to drive down.

7 0

2 years ago

P(<br> b.=15/16,p(a and <br> b.=3/4 find p(a

Bess [88]

And or both means we multiply the given probability situations that are mutually exclusive and exhaustive - they cannot occur at the same time.

let P(a)=x

then: P(b) * P(a) =3/4

         15/16 * x = 3/4

          15x/16 = 3/4
therefore x= 3/4 *16/15
          x = 4/5
P(a) = 4/5

hope it's clear

6 0

3 years ago

Fred's boat rental charges a rental fee of $30 plus $5 per hour. Joe's boat rental charges a flat rate of $20 an hour. Set the s

zmey [24]

30 + 5h = 20h
30 = 20h - 5h
30 = 15h
30/15 = h
2 = h

at 2 hrs, they both charge the same rate...
30 + 5(2) = 30 + 10 = 40
20h = 20(2) = 40
so at 2 hrs, they both charge $ 40

8 0

2 years ago