2 years ago

8th Grade

Mathematics

1 answer:

Eddi Din [679]2 years ago

8 0

Answer: The second and third options are the equations with x=3

Step-by-step explanation:

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you go to a grocery store and buy a $2.50 bag of sugar and a sandwich for $1.75. The sales tax for your state is 7%. What is the

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Step-by-step explanation:

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Step-by-step explanation:

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If you have a demand function of Qd=48-9P and a supply function of Qs=-12+6P,

jenyasd209 [6]

Answer:

The equilibrium quantity is 26.4

Step-by-step explanation:

Given

$Q_d = 48 - 9P$

$Q_s = 12 + 6P$

Required

Determine the equilibrium quantity

First, we need to determine the equilibrium by equating Qd to Qs

i.e.

$Q_d = Q_s$

This gives:

$48 -9P = 12 + 6P$

Collect Like Terms

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$P =2.4$

This is the equilibrium price.

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$Q_d = 48 - 9 * 2.4$

$Q_d = 26.4$

Hence, the equilibrium quantity is 26.4

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3 years ago