Answer:
y = x/4 -1/2
Step-by-step explanation:
given coordinates : ( -2, -1 ) and ( 2 , 0 )
gradient = y2 - y1 / x2 - x1
= 0 - -1 / 2 - -2
= 1/4
equation of line:
y - y1 = m( x - x1 )
y - 0 = 1/4 ( x - 2 )
y = x/4 -1/2
the line shown below to confirm:
Answer:
Equilibrium quantity = 26.92
Equilibrium price is $31.13
Step-by-step explanation:
Given :Demand function :
Supply function :
To Find : find the equilibrium quantity and equilibrium price.
Solution:
Demand function : --A
Supply function : ---B
Now to find the equilibrium quantity and equilibrium price.
Solve A and B
Subtract B from A
So, equilibrium quantity = 26.92
Substitute the value of q in A
So, equilibrium price is $31.13
