1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
noname [10]
2 years ago
6

Given the following demand and supply equations determine the market equilibrium price and quantity. QD=30-3p. As=10-5p. Where Q

is quantity and P is price​
Business
1 answer:
pochemuha2 years ago
4 0

Answer:

Equilibrium price, p = 2.5

Equilibrium Quantity, Q = 22.5

Explanation:

The equation is:

Qd = 30 - 3p

Qs = 10 + 5p

At equilibrium, Quantity demanded equals quantity supplied

Equate Qd = Qs to find equilibrium price

30 - 3p = 10 + 5p

30 - 10 = 5p + 3p

20 = 8p

p = 20/8

P = 2.5

Substitute equilibrium price into Qd and Qs equation to find equilibrium Quantity

Qd = 30 - 3p

= 30 - 3(2.5)

= 30 - 7.5

= 22.5

Qs = 10 + 5p

= 10 + 5(2.5)

= 10 + 12.5

= 22.5

Therefore,

Equilibrium price, p = 2.5

Equilibrium Quantity, Q = 22.5

You might be interested in
Environmental sustainability is ensuring that our natural resources can be used
Julli [10]

Answer:

The statement is: False.

Explanation:

Environmental sustainability refers to the set of efforts individuals and organizations make to use the natural resources an environment offers to satisfy people's needs while taking steps towards the conservation of those resources so they can be reused in the future. Environmental sustainability aims to avoid the indiscriminate exploitation of resources before some of them are extinct.  

<em>The most common example of environmental sustainability is reforestation or planting trees every time they are cut down to diminish deforestation effects.</em>

6 0
3 years ago
Suppose you purchase five put contracts on Testaburger Co. The strike price is $45, and the premium is $3. If, at expiration, th
andriy [413]

Answer:

3000

1500

Explanation:

For each of the answers in this question I have added the formulas to solve them in the attachment below

1.

(45-39)*5*100

= 3000

2.

(45-39)-3 x5 x100

= $1500

7 0
3 years ago
Holding all else constant while government is borrowing to cover budget deficits, the crowding out concept suggests interest rat
Tema [17]

If the government has a budget deficit, crowding out might occur. Crowding out leads to all of the following; a higher real interest rate, a smaller capital stock in the future and a decreased quantity of investment.  Borrowing from the rest of the world  Government budget surpluses, private saving.

4 0
3 years ago
Determine what some skills used in science are. name one science skill that you have used today
ivolga24 [154]
The basic science process skills include the following: observing, inferring, measuring, communicating, classifying and predicting.
When these skills are well developed in a scientist, such a scientist will be able to identify variables, formulate hypothesis, interpret data, conduct experiment and formulate models.<span />
8 0
3 years ago
Read the following​ sentence, remove the bold portion that would make the sentence more concise: When the scientists added the f
LiRa [457]

Answer:

The correct answer is letter "C": in color.

Explanation:

In order to make a sentence more concise, it is better to avoid redundancies, it is setting aside words that have a similar meaning within the same segment. Redundancies are typically useful for literature when the author wants to emphasize the meaning of something. Though, when talking about scientific facts, it is better not to use them because they tend to confuse the meaning of the message delivered. In:

<em>When the scientists added the final chemical into test​ tube, the malodorous liquid turned green in color. </em>

"...in color" does not add meaning to the message. If something turns green it is understood that the color has changed. Thus, to make more concise the sentence we should delete it.

6 0
3 years ago
Other questions:
  • One of the key motives for mergers is​ ________. A. reducing the marginal tax rate B. to sell the assets of the target company t
    9·1 answer
  • You are considering adding a microbrewery on to one of your firm's existing restaurants. This will entail an increase in invento
    8·1 answer
  • A sole proprietorship: Multiple Choice provides limited financial liability for its owner. involves significant legal costs duri
    15·1 answer
  • What happens to price when the cost of resources rise and falls
    13·1 answer
  • Celine has an unwavering belief in her new start-up company. She possesses intense focus and takes un-conventional risks to make
    11·1 answer
  • Curly just graduated from State U and has three job offers: teaching at a prestigious private high school nine months a year wit
    5·2 answers
  • _____-is the cost of the merchandise that the merchandiser has sold.
    10·2 answers
  • On July 1, 2018, Fred City ordered $1,500 of office supplies.They were to be paid for out of the general fund. Entry under:
    7·1 answer
  • In the Toyota Production System, waste and inefficiency are referred to as __________, and the ongoing effort to reduce this is
    12·1 answer
  • the builders of the transcontinental railroad used legal and illegal means to cut costs and finance construction. which phrases
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!