At the equilibrium price p, we can solve for the quantity of goods x :
demand = supply
5200 - 0.0005x = 2800 + 0.0003x
2400 = 0.0008x
x = 3,000,000
With this quantity of goods, the equilibrium price is
p = 5200 - 0.0005 (3,000,000)
p = 5200 - 1500
p = 3700
I believe that the answer is A- 8600-5300
Hope this helps!
Answer: X= 4
Step-by-step explanation:
24+0.44x=19+1.69x exp equation like:
24+44x/100=19+169x/100
Multiply left and right side of equation with 100
2400+44x=1900+169x
2400-1900=169x-44x
500=125x
x=500/125
x=4