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
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Answer:
13,0
Step-by-step explanation:
12=3(x-9)
divide both sides by three
4=x-9
add 9 to both sides
x=13
so, the x intercept is (13,0)
Answer:
Step-by-step explanation:
In a dilatation for find the new coordinates we have to multiply the initial value for the the scale factor
A’(-3, 12)
B’(9,6)
C’(-9,-3)
so the general rule is:
(x,y) -> (3x, 3y)
Since it’s a 10 team league and each team plays with the other team twice then 10+10=20, thus there would be 20 games played
