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Greeley [361]
2 years ago
7

FILL IN THE BLANKS: The solution to a system of equations is where two

Mathematics
1 answer:
Viefleur [7K]2 years ago
3 0
The answer should be the second option (intersect, elimination, parallel, infinite) hope this helps you
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Given the demand equation 6x+p-50=0 and the supply equation 6x-p+14=0 where p is the unit price in dollars and x represents the
Katarina [22]

Answer:

The equilibrium quanity and equilibrium price is 3 Thousand units and 32 dollars respectively.

Step-by-step explanation:

Market equilibrium occurs in those markets in which the quantity demanded by consumers equals the quantity supplied by firms. In this state, the equilibrium point has its corresponding equilibrium quantity and price. That is, the equilibrium point is that point where, for a given price, the quantity supplied is equal to the quantity demanded.

The supply and demand curves represent the quantities that consumers are willing to buy and producers are willing to sell at that price respectively.

Being:

  • demand equation: 6x+p-50=0 ⇒ 6x= 50 - p ⇒ x=\frac{50 - p}{6}
  • the supply equation 6x-p+14=0 ⇒ 6x= p - 14 ⇒ x=\frac{p-14}{6}

Since when the market reaches equilibrium, the quantity demanded equals the quantity supplied and x representing the quantity demanded in units of thousand, then:

\frac{50 - p}{6}=\frac{p-14}{6}

Solving, you get:

6*\frac{50 - p}{6}=p-14

50 - p= p -14

50 - p +14 = p

50 +14= p + p

64= 2*p

p=\frac{64}{2}

P=32 dollars

This value is the equilibrium price. Replacing this value in the demand and supply equation, the equilibrium quantity is obtained, which should be the same for both cases:

  • demand equation:  x=\frac{50 - 32}{6} ⇒ x= 3 Thousand units
  • the supply equation  x=\frac{32-14}{6} ⇒ x=3 Thousand units

So, <u><em>the equilibrium quanity and equilibrium price is 3 Thousand units and 32 dollars respectively.</em></u>

In its graphical representation, the equilibrium point can be seen as that point where the supply and demand curves intersect. You can see this in the attached image, where the blue line represents the supply and the red line the demand.

7 0
3 years ago
If an angle is on a straight line, x is less than y by 40. find the values of x and y​
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Answer:

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Step-by-step explanation:

hi I was just thinking of you ❣️☑️☑️☑️☑️☑️♥️♥️☹️☹️ jsjsjdiie of my friends has to go back in the following weekend I am also going on Didi ❣️♥️♥️✔️Emma love myself

5 0
2 years ago
The graph of the equation y= ax^2 , where a is &gt; O , is shown below, If a is multiplied by 1/2 , the graph of the new equatio
GenaCL600 [577]

Answer:

wider and opens downward

Step-by-step explanation:

5 0
2 years ago
Evaluate.<br><br>1,000 squared 5 =
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1,000,000,000,000,000
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2 years ago
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You have a 4 in. X 6in. family picture that you want to resize. You can choose from a 16 in. X 20 in. or an 18 in. X 24 in. Whic
yarga [219]

Answer:

16 in × 20 in

Step-by-step explanation:

  1. Finding the % of the picture that can fit in 16×20 frame

Area of picture= length by width

                         =4*6=24 in²

Area of frame=Length by width

                      =16*20=320 in²

% of the picture in the frame will be

                        (24/320) * 100% =7.5%

     2. Finding the % of the picture that can fit in 18 × 24 frame

Area of picture=24 in²

Area of frame =Length by width

                       =18*24=432 in²

% of the picture in the frame will be;

                        (24/432)*100%=5.6%

The frame 16 by 20 in will keep 7.5% of the original picture

The frame 18 by 24 in will keep 5.6% of the original picture

Hence you should use the frame  of 16 by 20 in because it will keep more of the original picture.

6 0
2 years ago
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