If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
Answer:
2
Step-by-step explanation:
Answer:
3.08 i turned it to a decimal
Step-by-step explanation:
2 3/4= 2.75
1/3=.33 and add them to get 3.08
in fraction form it is 3 1/12
