If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
Answer:
Step-by-step explanation:
Hello? ;) I'm having an ok day what about you?
Answer:
332.
Step-by-step explanation:
Let the number of decisions made in 1982-1983 be x.
44.6% = 0.446.
This is a decrease, so the number of decisions announced in 2005-2006 is
(1 - 0.446) * x and this = 184.
0.554x = 184
x = 184/0.554
x = 332.