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Answer:
2
4
6
46
64
Step-by-step explanation:
2x - y = 4
2(3) - y = 4
6 - y = 4
-y = 4 - 6
-y = -2
y = 2
2x - y = 4
2(4) - y = 4
8 - y = 4
-y = 4 - 8
-y = -4
y = 4
2x - y = 4
2(5) - y = 4
10 - y = 4
-y = 4 - 10
-y = -6
y = 6
2x - y = 4
2(25) - y = 4
50 - y = 4
-y = 4 - 50
-y = -46
y = 46
2x - y = 4
2(34) - y = 4
68 - y = 4
-y = 4 - 68
-y = -64
y = 64
C. 7.5
3/4 = .75
7.5/10 = .75
At equilibrium point, the demand equation is equal to the supply equation.
Given that the <span>demand is Qd = 1500 - 250P, and supply is Qs = 850P, at equilibrium,
1500 - 250P = 850P
850P + 250P = 1500
1,100P = 1,500
P = $1.36
and the equilibruim Q is 1500 - 250(1.36) = 1,159
Therefore, the equilibruim P* is $1.36 and the equilibruim Q* is 1,159.
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