The equilibrium referred to here is the dynamic equilibrium. It means that there is a change happening, but the opposite change are equal so they cancel out. So, we can determine the equilibrium price at the point where the demand and supply curve intersect. That would be at the quantity of 60 units. Therefore, the equilibrium price is $10.
Answer:
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Answer:
56
Step-by-step explanation:
Isolate the variable (x). Note the equal sign, what you do to one side, you do to the other. Do the opposite of PEMDAS.
First, subtract 5 from both sides:
13 (-5) = (x/7) + 5 (-5)
13 - 5 = x/7
8 = x/7
Isolate the variable x. Multiply 7 to both sides:
8(7) = (x/7)(7)
8(7) = x
x = 8 * 7
x = 56
56 is your answer for x.
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10% of $2,000 is $200.
30%=3*10%
Therefore:
30% of $2,000 is $600.
