Solve the problem.Assume that the price per unit d of a certain item to the consumer is given by the equation
where x is the number of units in demand. The price per unit from the supplier is given by the equation
where x is the number of units supplied. Find the equilibrium price and the equilibrium quantity.
A. equilibrium price: $35 per unit; equilibrium quantity: 50 units
B. equilibrium price: $50 per unit; equilibrium quantity: 30 units
C. equilibrium price: $20 per unit; equilibrium quantity: 50 units
D. equilibrium price: $30 per unit; equilibrium quantity: 50 units
Answer: D
Mathematics
You might also like to view...
Use an equation to solve the percent problem.125% of 24 is what number?
A. 300 B. 3000 C. 30 D. 3
Mathematics
Graph the given line.y - 4 = 0
A.
B.
C.
D.
Mathematics
Express as a power of 10.100
A. 103 B. 101 C. 104 D. 102
Mathematics
Find the perimeter of the figure named and shown. Express the perimeter in the same unit of measure that appears on the given side or sides.
A. 43 yd B. 54 yd C. 53 yd D. 121 yd
Mathematics