Question
Considering that: Q(s) = 4p - 20 （d） =-5p + 15 Vhat is the Pe (Equilibrium price)? Please consider two decimal numbers.
162
likes810 views
Answer to a math question Considering that: Q(s) = 4p - 20 （d） =-5p + 15 Vhat is the Pe (Equilibrium price)? Please consider two decimal numbers.
Esmeralda
4.759 Answers
To find the equilibrium price (Pe), we need to set the quantity supplied equal to the quantity demanded and solve for the price. In equilibrium, Q(s) = Q(d).
Given:
Q(s) = 4p - 20
Q(d) = -5p + 15
Set Q(s) equal to Q(d):
4p - 20 = -5p + 15
Now, solve for p (price):
4p + 5p = 15 + 20
9p = 35
p = 35 / 9
Now, let's calculate the value:
p ≈ 3.89 (rounded to two decimal places)
So, the equilibrium price (Pe) is approximately $3.89.
Frequently asked questions (FAQs)
What is the distance between two points (x₁, y₁) and (x₂, y₂) on a coordinate plane?
+
What is the sum of the first 20 positive numbers when their product is 40?
+
What is the result of adding vector A (3i - 4j + 2k) to vector B (2i + 5j - 3k)?
+
New questions in Mathematics