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
Learn more about equilibrium point here : brainly.com/question/1915798
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Step-by-step explanation:
x+3y=24
3y/3=24/3
x+y=8
divide x to both side not to y
y=-x +8
Answer:
(x, y) = (5, 1)
Step-by-step explanation:
To <em>eliminate</em> x, you can double the second equation and subtract the first.
... 2(x +4y) -(2x -3y) = 2(9) -(7)
...11y = 11 . . . . . simplify
... y = 1 . . . . . . divide by 11
Using the second equation to find x, we have ...
... x + 4·1 = 9
... x = 5 . . . . . subtract 4
_____
<u>Check</u>
2·5 -3·1 = 10 -3 = 7 . . . . agrees with the first equation
(Since we used the second equation to find x, we know it will check.)
16-3p =34. First you need to get the numbers and letters on different sides.
-16 -16
- 3p = 18 then divide by -3
__ __
-3 -3
p = -6 Hope that helps
