$MathMaster logo$

MathMaster

Home
general
the market for economics textbooks is represented by the following supply and demand equations p 5 2qs p 20 qd where p is

Question

The market for economics textbooks is represented by the following supply and demand equations: P = 5 + 2Qs P = 20 - Qd Where P is the price in £s and Qs and Qd are the quantities supplied and demanded in thousands. What is the equilibrium price?

187

likes

933 views

Answer to a math question The market for economics textbooks is represented by the following supply and demand equations: P = 5 + 2Qs P = 20 - Qd Where P is the price in £s and Qs and Qd are the quantities supplied and demanded in thousands. What is the equilibrium price?

$Expert avatar$

4.5

102 Answers

Answer: P = 15

Frequently asked questions (FAQs)

Math question: What is the measure in degrees of the third angle in a triangle, given that the first angle is 30° and the second angle is 70°?

+

What is the limit of (2x^3 + 5x^2 - 3) / (3x^2 - 2x + 1) as x approaches 2?

+

Math question: Using the sine ratio, if the opposite side is 5 cm and the hypotenuse is 13 cm, what is the measure of the angle?

+

New questions in Mathematics

P is a polynomial defined by P(x) = 4x^3 - 11×^2 - 6x + 9. Two factors are (x - 3) and (x + 1). Rewrite the expression for P as the product of linear factors.

If L = (-2, -5) is reflected across y= -4 , what are the coordinates of L?

3x+5y=11 2x-3y=1

[(36,000,000)(0.000003)^2]divided(0.00000006)

(3x^(2) 9x 6)/(5x^(2)-20)

Suppose a large shipment of cell phones contain 21% defective. If the sample of size 204 is selected, what is the probability that the sample proportion will differ from the population proportion by less than 4% round your answer to four decimal places

You have been hired to estimate the average weight of quarters in circulation. Based on the sample of quarters you collect (below), create a 90% confidence interval for the weight of quarters in circulation. Quarter Weights (grams) 5.631 5.714 5.719 5.689 5.551 5.723 5.705 5.627 5.627 5.715 5.576 5.632 5.641 5.676 5.660 5.699 5.609 5.634 5.713 5.591 5.674 5.675 5.684 5.694 5.655 5.632 5.598 5.675 5.628 5.562 5.636 5.583 5.567 5.551 5.649 5.708 5.696 5.614 5.637 5.601 5.628 5.711 5.566 5.653 5.653 5.597 5.687 5.717 5.678 5.654 5.556 5.707 5.563 5.628 5.679 5.714 5.555 5.719 5.634 5.647 5.717 5.612 5.705 5.657 5.670 5.607 5.687 5.666 5.612 5.718 5.714 5.713 5.663 5.641 5.589 5.656 5.712 5.639 5.577 5.580 5.674 5.636 5.625 5.597 5.616 5.591 5.616 5.700 5.706 5.695 5.562 5.699 5.607 5.573 5.659 5.632 5.654 5.568 5.628 5.687 5.605 5.689 5.687 5.554 5.618 5.701 5.681 5.645 5.714 5.665 5.661 5.634 5.714 5.586 5.656 5.673 5.657 5.717 5.611 5.578 5.579 5.614 5.644 5.724 5.647 5.566 5.697 5.558 5.586 5.586 5.611 5.573 5.573 5.709 5.629 5.649 5.552 5.615 5.645 5.611 5.686 5.588 5.641 5.704 5.703 5.696 5.557 5.551 5.725 5.608 5.725 5.603 5.677 5.638 5.573 5.640 5.561 5.631 5.563 5.671 5.662 5.569 5.648 5.680 5.681 5.551 5.555 5.578 5.701 5.645 5.670 5.574 5.594 5.705 5.633 5.719 5.680 5.647 5.641 5.553 5.616 5.698 5.552 5.566 5.559 5.697 5.686 5.560 5.629 5.701 5.622 5.615 5.553 5.608 5.637 5.663 5.696 5.714 5.675 5.613 5.594 5.669 5.569 5.716 5.705 5.603 5.709 5.717 5.606 5.581 5.575 5.601 5.600 5.664 5.715 5.705 5.583 5.586 5.592 5.550 5.628 5.662 5.603 5.559 5.676 5.558 5.678 5.671 5.642 5.581 5.568 5.706 5.665 5.712 5.574 5.602 5.699 5.716 5.693 5.711 5.635 5.612 BLANK #1: Is this a question involving mean or proportion? ***ANSWER "MEAN" OR "PROPORTION" (WITHOUT THE QUOTATION MARKS)*** BLANK #2: What is the LOW end of the estimate ***ANSWER TO 3 DECIMALS*** BLANK #3: What is the HIGH end of the estimate ***ANSWER TO 3 DECIMALS***

4. Show that if n is any integer, then n^2 3n 5 is an odd integer

prove that if n odd integer then n^2+5 is even

Suppose the Golf ball market is perfectly competitive and the functions are known: Q = 120 – 2Px – 2Py 0.2I Q = 2Px 40 Where I = Consumers' income ($200) and Py = Price of Good Y (40) Calculate the equilibrium elasticity: a) 1.6 b) -6 c) 6 d) 0.6

Determine the reduced equation of the straight line that is perpendicular to the straight line r: y=4x-10 and passes through the origin of the Cartesian plane

Quadratic equation 2X = 15/X + 7

nI Exercises 65-68, the latitudes of a pair of cities are given. Assume that one city si directly south of the other and that the earth is a perfect sphere of radius 4000 miles. Use the arc length formula in terms of degrees to find the distance between the two cities. 65. The North Pole: latitude 90° north Springfield, Illinois: latitude 40° north

At the end of a lively discussion within your study group, your class neighbor, for the relevance of your points of view, asks your opinion on the subject of their debate which is the following question Am I the slave of my unconscious? Solve the problem posed by this subject in an argumentative production.

Evaluate ab+dc if a=56 , b=−34 , c=0.4 , and d=12 . Write in simplest form.

y′ = 2x + 3y x′ = 7x − 4y x(0) = 2 y(0) = −1 sisteminin ¸c¨oz¨um¨un¨u bulunuz. (Lineer Denk. Sis.)

A 20-year old hopes to retire by age 65. To help with future expenses, they invest $6 500 today at an interest rate of 6.4% compounded annually. At age 65, what is the difference between the exact accumulated value and the approximate accumulated value (using the Rule of 72)?

4m - 3t + 7 = 16

Select a variable and collect at least 50 data values. For example, you may ask the students in the college how many hours they study per week or how old they are, etc. a. Explain what your target population was. b. State how the sample was selected. c. Summarise the data by using a frequency table. d. Calculate all the descriptive measures for the data and describe the data set using the measures. e. Present the data in an appropriate way. f. Write a paragraph summarizing the data.

The length of a rectangle is five more than its width. if the perimeter is 120, find both the length and the width.