- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
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Answer:
4.8125 or 4 13/16
Step-by-step explanation:
(11 10/16 - 2 1/16) - 4 12/16
(9 9/16) - 4 12/16
4 .8125 or 4 13/16
Answer:
A
Step-by-step explanation:
3x+4(3x+6)= 15x+24
distribute 4(3x+6)
which equals 12x+24
3x+12x+24= 15x+24
Now combine like terms
15x+24= 15x+24
its equal so BOOM .