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VashaNatasha [74]
2 years ago
9

Answer the question based on the given supply and demand data for wheat. Bushels Demanded Per Month Price Per Bushel Bushels Sup

plied Per Month 45 $5 45 50 4 42 56 3 39 61 2 36 67 1 33 Equilibrium price in this market is Multiple Choice $5. $2. $4. $3
Mathematics
1 answer:
Leto [7]2 years ago
5 0

The equilibrium price in a market is the price where the quantity demanded of the products are equal

The equilibrium price in the market is $2

<h3>How to determine the equilibrium price </h3>

From the given supply and demand data for wheat:

When the price is $2, the quantity demanded and the quantity supplied for wheat is 61

This means that the equilibrium price $2

Hence, the equilibrium price in the market is $2

Read more about equilibrium price at:

brainly.com/question/13925210

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Answer: y = -3(x + \frac{5}{6})² + \frac{37}{12}, (-\frac{5}{6}, \frac{37}{12})

<u>Step-by-step explanation:</u>

First, you need to complete the square:

y   = -3x² - 5x + 1

<u> -1  </u>   <u>                -1  </u>

y - 1 = -3x² - 5x

y - 1 = -3(x² + \frac{5}{3}x

y - 1 + -3(\frac{25}{36}) = -3(x² + \frac{5}{3}x + \frac{25}{36})

           ↑                     ↓            ↑

                                  \frac{5}{3*2} = (\frac{5}{3*2})^{2}

y - 1 - \frac{25}{12} = -3(x + \frac{5}{6})²

y - \frac{12}{12} - \frac{25}{12} = -3(x + \frac{5}{6})²

y  - \frac{37}{12} = -3(x + \frac{5}{6})²

y = -3(x + \frac{5}{6})² + \frac{37}{12}

Now, it is in the form of y = a(x - h)² + k   <em>where (h, k) is the vertex</em>

Vertex = (-\frac{5}{6}, \frac{37}{12})

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3 years ago
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