- 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.
To learn more about equilibrium, please check: brainly.com/question/26075805
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Yes, this is a polynomial, but a special form of a polynomial with just one term which is called a monomial .
Answer:
600
Step-by-step explanation:
divide 360 by 6 and you get how many pounds that can make in one hour.
which is 60 so then you multiply 60 by 10 and get 600
Answer:
1/ 8 pounds of dog food
Step-by-step explanation:
Given that:
7/8 pounds of dog food shared equally into 7 containers ;
Number of dog food in each container will be :
Total dog food / Number of containers
(7/8) ÷ 7
(7 /8) * 1/ 7
7 / 56
= 1/8 pounds of dog food
Okay, the exponential function is

The start price of it in t=0 is 3,500, as we can see on the graph. Then, the function becomes

Let's see at t=2, where the price is g=2000:

Take natural logarithm:



So, the difference between t=0 and t=2 is

And then we get the change of x in one year equal to 0.035.
So, the final equation is

You can insert any t and see that it is correct, for example t=7