The equilibrium price is $12.
<h3>What is the
equilibrium price ?</h3>
Equilibrium is the point where the quantity demanded is equal to the quantity supplied. The price at equilibrium is known as the equilibrium price and the quantity at equilibrium is known as the equilibrium quantity.
When shown on a graph, equilibrium is the point where the quantity demanded curve is equal to the quantity supplied curve.
When there is equilibrium, the equation of quantity demanded would be equal to the equation of quantity supplied.
-280 + 40p = 800 - 50p
In order to determine the value of p, take the following steps:
Combine similar terms: 800 + 280 = 40p + 50p
Add similar terms = 1080 = 90p
Divide both sides of the equation by 90 : 1080 / 90 = 12
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Answer:
2
Step-by-step explanation:
we have:
-11-(-13)
-11 +13
2
• P is the principal amount, $3000.00.
• r is the interest rate, 6% per year, or in decimal form, 6/100=0.06.
• t is the time involved, 8 years time periods.
• So, t is 8 year time periods.
To find the simple interest, we multiply 3000 × 0.06 × 8 to get that:
The interest is: $1440.00
Answer:
8/9
Step-by-step explanation:
The equation to find a slope is y2-y1/x2-x1=m. (m is the slope)
174-166/173-164
8/9
So the slope is 8/9.
7.6, 8.2, 8.8, 9.4, 10.0, 10.6, 11.2, 11.8, 12.4