Answer:
Equilibrium price P = 200 dollars
equilibrium demand of million e-readers per yer = 2.6 mi/yr
Step-by-step explanation:
Given that;
q = 720/p - 1 million units per year { 60 ≤ p ≤ 400 }
supply q = 0.018p − 1 million units per year (60 ≤ p ≤ 400)
we substitute
720/p - 1 = 0.018p − 1
720/p = 0.018p
720 = 0.018p^2
p^2 = 720/0.018 = 40000
p = sqrt(40000)
p = 200
substitute value of p
q = 0.018(200) − 1
q = 3.6 - 1 = 2.6
Therefore Equilibrium price P = 200 dollars
equilibrium demand of million e-readers per yer = 2.6 mi/yr
Answer:
A
Step-by-step explanation:
No, because 3 8/35 is already written in simplest form
Mr.Fields ordered 6,000 pounds of gravel. Hope this helps!
