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:
a. 92%
b. 4425
Step-by-step explanation:
So there are 5000 customers in total, and 100 were completely satisfied, and 15 were satisfied and 10 weren't satisfied a bit. so 100+15 is 115 so 115 people in total were satisfied out of 125 because there were 125, and 115+10 is 125 anyways. So 115/125 is .92, and you can convert that into a percentage, 92% of the 250 customers were satisfied so then 250*5 is 5000, so then just multiply 115 by 5 as well. You get 575. So 575 were satisfied out of the 5000 customers and 5000-575 are the people not satisfied, so 4425.
probably wrong because it doesnt sound right but just try it
The first number for the Y it gives on the chart is the intercept
So 3 is correct
Hope that helped:D
<BAC = 180 - 98 = 82
x = 180 - (82+32)
x = 180 - 114
x = 66
answer
C, 66
