Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

The demand for commodity X is represented by equation QD=50-5P and supply by the equation QS=5P-10. what is the equilibrium quanity?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Business Competing in the Global Marketplace

Authors: Charles W. L. Hill

11th edition

1259578119, 978-1259578113

More Books

Students also viewed these Economics questions

Question

★★★★★

A researcher wants to determine whether age is related to whether or not a tax credit would influence an adult to purchase a hybrid vehicle. A random sample of 1250 adults is selected and the results...

Answered: 1 week ago

Question

★★★★★

In Problem assume that no new purchases are made with the credit card. The annual interest rate on a credit card is 24.99%. If a payment of $100.00 is made each month, how long will it take to pay...

Answered: 1 week ago

Question

★★★★★

Discuss the role of motivation in financial literacy.

Answered: 1 week ago

Question

★★★★★

Compare briefly the major types of employment interviews described in this chapter. Which type would you prefer to conduct? Why?

Answered: 1 week ago

Question

★★★★★

14. value: 2.00 points You have just won the lottery and will recelve $590,000 in one year. You will receive payments for 28 years, which will increase 4 percent per year. The appropriate discount...

Answered: 1 week ago

Question

★★★★★

5. Sustainable growth As a firm grows, it must support increases in revenue with new investments in assets. The self-supporting, or sustainable, growth model helps a firm assess how rapidly it can...

Answered: 1 week ago

Question

★★★★★

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago

Question

★★★★★

Flu cases per school this past flu season in the Remulak school system *(n = 500) were 15 per week. For the entire state, the weekly average was 16, and the standard deviation was 15.1. Are the kids...

Answered: 1 week ago

Question

★★★★★

John and Susan, both age 35, are married, and each own 35% of an S corporation for which they perform services as employees. The company had $30,000 in ordinary business income (John and Susan both...

Answered: 1 week ago

Question

★★★★★

What are the requirements outlined in the Deloitte Policy Manual, Section 1553 intended to accomplish? Protect the general public, as well as investors, creditors, and Deloitte employees Ensure even...

Answered: 1 week ago

Question

★★★★★

Using your knowledge of navigating the global environment and your analysis of Walmart's experience as described in the Management at Work article, answer the questions posed. You begin by reminding...

Answered: 1 week ago

Question

★★★★★

Detectors for these telescopes are essentially particle detectors, and are very similar to the detectors used in ground-based particle accelerators. O radio O gamma ray O infrared O x-ray O...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: Social facts, concrete fallacy, constructs, overestimation error.

Answered: 1 week ago

Question

★★★★★

1. Explain the following statements: a) Objective reality is always subjectively interpreted. b) What we know depends on whom we got to know it from.

Answered: 1 week ago

Question

★★★★★

4. Give examples from your everyday life where the process affects the result, but where the result also affects the process.

Answered: 1 week ago

Previous Question Next Question