Answer:
64
Step-by-step explanation:
Answer:
1/3
Step-by-step explanation:
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
First, divide the percent by 100. Then if the percent is not a whole number, then multiply the top and bottom by 10 for every number after the decimal point. :)
The answer that you are looking for is d