Answer:
7 and 6 respectively
Step-by-step explanation:
Firstly, we have to solve the equations simultaneously.
2x + 7p = 56
3x - 11p = -45
Multiply equation I by 3 and ii by 2
6x +21p = 168
6x - 22p = -90
Subtract the second from first to yield:
43p = 258
p = 6
Insert this in equation 1 where we have 2x + 7p = 56
2x + 7(6) =56
2x + 42 = 56
2x = 14 and x = 7
The equilibrium price is 6 and the equilibrium quantity is 7
Answer:
y = 36x
Step-by-step explanation:
Given that y varies directly as x, then the equation relating them is
y = kx ← k is the constant of variation
To find k use the condition y = 18 when x =
, thus
k =
=
= 36
y = 36x ← equation of variation
The answer to your question is 2