- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
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Answer:
Step-by-step explanation:
Area = 42x + 56
length * width = 14* 3x + 14*4
14 * width = 14*(3x+4)
Based on the information given, the number of tokens that will be bought if a child has $20 will be 70.
Since a child can buy 21 tokens for $6, the cost of one token will be:
= $6 / 21 = $0.2857143
Therefore, if a child has $20, the number of tokens that will be gotten will be:
= $20 / $0.2857143
= 70
Therefore, 70 tokens will be bought.
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I'd say 4 meters and 400dm are equal.
