2007-12-25 03:53:51 · 6 answers · asked by RABBIT 1 in Education & Reference ➔ Homework Help
The equilibrium occurs where 28x + 2025 = -17x + 6120
28x + 2025 = -17x + 6120
45x + 2025 = 6120
45x = 4095
9x = 819
x = 91
Finally, substitute x into the original equation:
y = 28(91) + 2025 = 2548 + 2025 = 4573
2007-12-25 04:36:27 · answer #1 · answered by jimbob 6 · 0⤊ 0⤋
y=28x+2025
y=-17x+6120
when y = y, x = ??
28x+2025 = y = -17x+6120
28x+2025 = -17x+6120
28x - (-17x) = 6120 - 2025
45x = 4095
(45x/45) = (4095/45)
x = 91
Substitute x back into one of the equations:
y=28x+2025
y = 28*91 +2025
y = 4573
ANS: demand equilibrium is at 4573 units
2007-12-25 12:01:08 · answer #2 · answered by David F 5 · 0⤊ 0⤋
28x+2025=17x+6120
At the equilibrium price, demand=supply
28x-17x=6120-2025
11x= 4095
x=372.27 is the equilibrium demand
2007-12-25 12:01:57 · answer #3 · answered by cidyah 7 · 0⤊ 1⤋
y=28x+2025
y=-17x+6120
y=y then x=?
28x+2025=-17x+6120
28x+17x+2025-2025=-17x+17x+6120-2025
45x=4095
x=91
when x=91
28(91)+2025=2548+2025=4573
x=91 y=4573
2007-12-25 14:19:21 · answer #4 · answered by Dave aka Spider Monkey 7 · 0⤊ 0⤋
Do your own homework!
2007-12-25 12:01:39 · answer #5 · answered by Tim S 2 · 0⤊ 0⤋
dont know
2007-12-25 12:28:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋