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:
1000 times larger.
Step-by-step explanation:
Y = -3/2x + 4...slope is -3/2
A perpendicular line will have a negative reciprocal slope. All that means is " flip " the slope and change the sign. So that means the slope we will need is 2/3...see how I flipped the slope and changed the sign.
Now we use y = mx + b....slope(m) = 2/3....(3,9)...x = 3 and y = 9.
Time to sub...we r looking for b, the y intercept.
9 = 2/3(3) + b
9 = 2 + b
9 - 2 = b
7 = b
so the perpendicular equation is : y = 2/3x + 7...but we need it in Ax + By = C form....
y = 2/3x + 7....multiply by common denominator of 3 to get rid of fractions
3y = 2x + 21...subtract 2x from both sides
-2x + 3y = 21....<== ur answer...normally, I would have multiplied this by -1 to make x positive...but that is not an answer choice
Answer:
solution is (- 3, 5 )
Step-by-step explanation:
given the 2 equations
6x - y = - 23 → (1)
8x + 3y = - 9 → (2)
rearrange (1) expressing y in terms of x
y = 6x + 23 → (3)
Substitute y = 6x + 23 into (2)
8x + 3(6x + 23 ) = - 9
8x + 18x + 69 = - 9
26x + 69 = - 9 ( subtract 69 from both sides )
26x = - 78 ( divide both sides by 26 )
x = - 3
substitute x = - 3 into (3)
y = (6 × - 3 ) + 23 = - 18 + 23 = 5
solution is (- 3, 5 )
Divide the number of respondents saying it was useful by the total number
63/85 = 0.74
