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The answer is not defined.
Explanation:
The given matrix is
The matrix has dimensions
This means that the matrix has 2 rows and 2 columns.
Also, the matrix has dimensions
This means that the matrix has 2 rows and 1 column.
Since, the matrices can be added only if they have the same dimensions.
In other words, to add the matrices, the two matrices must have the same number of rows and same number of columns.
Since, the dimensions of the two matrices are not equal, the addition of these two matrices is not possible.
Hence, the addition of these two matrices is not defined.
The basic market graph is attached below.
<h3>What do you mean by market equilibrium?</h3>A market is said to have reached equilibrium price when the supply of goods matches demand.
The equilibrium price is the only price where the plans of consumers and the plans of producers agree, where the amount consumers want to buy of the product, quantity demanded, is equal to the amount producers want to sell, quantity supplied. This common quantity is called the equilibrium quantity.
Quantity of gasoline:
Explanation of graph: The demand curve, D, and the supply curve, S, intersect at the equilibrium point E, with an equilibrium price of 1.4 dollars and an equilibrium quantity of 600.
The equilibrium is the only price where quantity demanded is equal to quantity supplied. At a price above equilibrium, like 1.8 dollars, quantity supplied exceeds the quantity demanded, so there is excess supply.
At a price below equilibrium, such as 1.2 dollars, quantity demanded exceeds quantity supplied, so there is excess demand.
Learn more about equilibrium quantity here:
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