All categories

3 years ago

The Case:

1 answer:

4 0

Based on the information given, it can be deduced that the equilibrium price is 1000 and the quantity will be 17000.

The following can be depicted from the information given:

Qd = 20,000 - 3P
Qs = 15,000 + 2P

To get the equilibrium price and quantity, both will be equated. This will be:

Qd = Qs

20,000 - 3P = 15,000 + 2P

2P + 3P = 20000 - 15000

5P = 5000

P = 5000/5

P = 1000

Then, the quantity will be:

Qd = 20,000 - 3P

Q = 20000 - 3(1000)

Q = 20000 - 3000

Q = 17000

The quantity is 17000.

In a situation where the energy sector improves the technology, there'll be an increase in the quantity of the product and a reduction in price.

Learn more about equilibrium price on:

brainly.com/question/14297698

You might be interested in

In 1965, in the seven states of the Old Confederacy covered by the Voting Rights Act (VRA), approximately ________ percent of th

Oduvanchick [21]

23.9 percents of the eligible black residents

4 0

4 years ago

Which statement about the early relations between European settlers and American Indians is most likely true?

Fudgin [204]

I believe your answer is: The settlers cooperated with the American Indians because they needed the American Indians’ help to survive.
(This didn't last for very long, but it was good while it worked at first.)
Voila! I hope that helped :D

6 0

3 years ago

Read 2 more answers

You have a dream in which you wake up to find that people around you are using words that make no sense. What’s more, your frien

Lilit [14]

Answer:

Explanation:

Aphasia is the condition in which a person faces difficulty in understanding words spoken by others and finds it difficult to speak also. It is a type of communication disability disorder.

Wernicke’s Aphasia is the disorder caused due to some damage in the left middle side of the brain. The left middle side of the brain is called the Wernicke area, named after the neurologist, Carl Wernicke.

Some symptoms of Wernicke’s Aphasia are:

making sentences that don't make sense.
difficulty in repeating words or phrases.

In the given condition, one must be suffering from Wernicke’s Aphasia. Because the symptoms one is having are of Wernicke’s Aphasia.

So, the correct answer is option A.

4 0

3 years ago

Which body of water supplies Israel with most of its fresh water

SCORPION-xisa [38]

Answer:

Mediterean sea

Explanation:

4 0

3 years ago

1. Which river's nickname is Mighty 2. Which river starts in Western Pennsylvania.

posledela

1. Mississippi River

2. Monongahela River

7 0

4 years ago