Account A has a simple annual interest rate of 2% and Account B has a simple annual interest rate of 3.5%. How much more interes
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Answer:
The equilibrium point is at x = 6
Step-by-step explanation:
Given
Required
Determine the equilibrium point
The equilibrium point is determined by
Substitute values for Demand and Supply
Cross Multiply
Take positive square root of both sides
Hence;
<em>The equilibrium point is at x = 6</em>