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
garik1379 [7]
3 years ago
11

Suppose that the demand Q^Dand supply Q^Sfor maize meal in Kimberley is given by p=120-0.7Q^Dand p=3+0.2Q^S where the quantity i

s in thousands of kilograms and the price (p) is in rands per kilogram. Answer the following: Find the market equilibrium quantity, and the equilibrium price of maize meal. (2 marks)
Mathematics
1 answer:
bixtya [17]3 years ago
8 0

Answer:

  20 rands/kg

  130,000 kg

Step-by-step explanation:

The equilibrium quantity and price are the solution to the system of equations ...

  p = 120 -0.7q

  p = 3 + 0.2q

Setting these equal, we get ...

  0.2q +3 = p = -0.7q +120

  0.9q = 117 . . . . . . . add 0.7q-3 to both sides

  q = 117/0.9 = 130

  p = 3 +0.2·130 = 29

The equilibrium price of maize meal is 29 rands per kg; the market equilibrium quantity is 130,000 kg.

You might be interested in
Tiffany’s allowance is reduced $1.25 every time she forgets to clean her room.
snow_tiger [21]

Answer:

$8.75 is your answer.

Step-by-step explanation:

What you do is you multiply 1.25 by 7.

<em>1.25 x 7 = $8.75</em>

$8.75 is your answer.

4 0
3 years ago
HELP DUE IM THIRTY MINUTES
Alexandra [31]

Answer:

I do not know this answer to the question. I am so sorry. Ask "LucasPeed"

Step-by-step explanation:

If you need anymore help ask, Brainly. Have a nice day!

6 0
3 years ago
Read 2 more answers
The figure is made up of 2 rectangles and 2 right triangles.
Zarrin [17]

Answer:

area = 277 units²

Step-by-step explanation:

area = (25 x 5) + (8 x 13) + (8 x 6) = 277 units²

7 0
3 years ago
I am greater than 310. My number has 0 ones.The digits in my hundreds and tens places are the same
mixas84 [53]

Step-by-step explanation:

Numbers: 330, 440, 550, 660 and so on all the way to 990

7 0
3 years ago
The volume is a rectangular prism is 7,200 cubic centimeters. It has a length of 24 centimeters and a width of 20 centimeters. W
Setler [38]
7,200 = (24)(20)h
15=h (just divide)
To check, 20*24*15 = 7,200 cubic centimeters so 15 cm is right
7 0
3 years ago
Read 2 more answers
Other questions:
  • Tennessee has a population of about 6,495,978. Its territory can be modeled as a trapezoid, as shown in the figure. Each unit on
    11·1 answer
  • Gavins gross pay is $3851. His deductions total $7572 what percent of his gross pay is take home pay
    11·1 answer
  • The question is: type your equation for the following pattern
    11·1 answer
  • Show the work please
    7·1 answer
  • What is the difference between 21.25-1.509
    13·1 answer
  • En un hospital el 30 % de los pacientes que acuden de manera diaria presentan problemas cardíacos. Si un día acuden al hospital
    5·1 answer
  • The sum of the measures of the angles of a triangle is 180. The sum of the measures of the second and third angles is three time
    5·1 answer
  • A charity bingo game costs $2 per round and has a $13 entry fee for an adult. It costs $3 per round and a $10 entry fee for a ch
    7·1 answer
  • What's the slope and y-intercept?
    11·2 answers
  • The series that corresponds to the sequence 2n + 9 is:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!