The equilibrium point for the pair of demand and supply function is 100
We have been two linear function, one is linear supply function and other is linear demand function.
In general , linear supply function is given as:
Qs = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
And linear demand function is given is :
Qd = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
According to the question,
Linear supply function is q = 300 + 5x
And linear demand function is q = 4800 – 40x
To find the equilibrium point we will put two quantities equal, that is,
Qs = Qd
300 + 5x = 4800 – 40x
5x + 40x = 4800 – 300
45x = 4500
x = 100
Hence the equilibrium point is 100
Learn more about equilibrium point here : brainly.com/question/1915798
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Answer:
y=2/5x+2
slope: 2/5
y=-1/4x+4
y-intercept: 4
Step-by-step explanation
The equation for slope-intercept form is y=mx+b.
m=the slope
b= the y-intercept
Answer:
2000 swiss francs equals 3920 Dutch Guilders!
Step-by-step explanation:
One Swiss Franc equals 1.96 Dutch Guilders. Having said this, we can come up with the following equation:
D = 1.96S
Where 'S' represents the swiss francs and 'D' the Dutch Guilders. Now, to convert 2000 Swiss francs, we just need to plug the value into the equation:
D = 1.96(2000) = 3920
So, 2000 swiss francs equals 3920 Dutch Guilders!
