Answer:
Step-by-step explanation:
you are correct.
Answer:
<u>The correct answer is C. 66.7</u>
Step-by-step explanation:
1. y varies directly with regard to x
y = 9 and x = 24
If y = 25, what is the value of x?
2. For finding that value of x, first of all, we should understand what happened to y.
If y moves from 9 to 25 it means that y has been multiplied by 2.77, using this simple division
25/9 = 2.777
3. And we should use that same number or value to calculate the new value of x
If x was 24, now the new value of x is 24 * 2.777
24 * 2.777 = 66. 67 or 66.7 (rounding to just one decimal)
<u>The correct answer is C. 66.7</u>
If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
