Answer:
The equilibrium quantity is 26.4
Step-by-step explanation:
Given
Required
Determine the equilibrium quantity
First, we need to determine the equilibrium by equating Qd to Qs
i.e.
This gives:
Collect Like Terms
Solve for P
This is the equilibrium price.
Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:
<em>Hence, the equilibrium quantity is 26.4</em>
Answer:
21.72
Step-by-step explanation:
0.07 x 20.30
Answer:
D
Step-by-step explanation:
πr^2
3.14*3^2
3.14*9
28.26
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The first equation can be simplified down to 3 and -\frac{3}{2}[/tex]. Therefore, ">" is correct.
The second equation can be simplified down to 12 and 6.25. Therefore, "<" is incorrect. It should be ">".
30 is the answer of this equation