QUESTION: Use the two way table below to answer the question: How
1 answer:
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Answer: Option A
Step-by-step explanation:
In the graph we have a piecewise function composed of a parabola and a line.
The parabola has the vertex in the point (0, 2) and cuts the y-axis in y = 2.
The equation of this parabola is
Then we have an equation line
Note that the interval in which the parabola is defined is from -∞ to x = 1. Note that the parabola does not include the point x = 1 because it is marked with an empty circle " о ."
(this is )
Then the equation of the line goes from x = 1 to ∞ . In this case, the line includes x = 1 because the point at the end of the line is represented by a full circle .
(this is )
Then the function is:
Answer: At $21.85, the supply will equal to demand.
Step-by-step explanation:
Since we have given that
Demand function is given by
Supply function is given by
According to question, we need to find the price for which the supply equals the demand, i.e. Equilibrium price and quantity.
So, at $21.85, the supply will equal to demand.