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How can you calculate the Price and Quantity at a market equilibrium given the Demand curve P = 20 - Q and the Supply curve P = 3Q

To find the equilibrium point in a market you must make the supply and demand curve equal to one another. This means setting 20 - Q equal to 3Q and solving the simultaneous equations:20 - Q = 3Q20 = 4QQ =...

HH
Answered by Harry H. Economics tutor
2594 Views

The equation of line L is y = 3x - 2 and the equation of line Q is 3y - 9x + 5 = 0, show these two lines are parallel

The basic equation of a line is I=the general form y = mx + c. Where c is a constant and m is the gradient of the lineFor lines to be parallel they must have the same gradient, then they will never crossT...

HH
Answered by Harry H. Maths tutor
3009 Views

How does Shakespeare present love within the play 'Romeo and Juliet'?

What kind of different "love" are there? Family, romantic, platonicThe Nurse as a surrogate mother to Juliet (how does this compare to Juliet's relationship to her father? What are other parenta...

Answered by English Literature tutor
5757 Views

Name the four blood vessels that carry blood in and out of the heart and state whether they carry oxygenated or de-oxygenated blood.

The Vena Cava carries de-oxygenated blood from the body to the right-side of the heart. The Pulmonary Artery then carries de-oxyge...

JF
2132 Views

How do you rearrange x = (2y+1)/(3y+4) to get y in terms of x?

We first multiply both sides of the equation by (3y+4) to get x(3y+4)=2y+1. We then expand the left hand side to get 3xy+4x=2y+1. By rearranging the equation we get 3xy-2y=1-4x. We then factorise the left...

ER
Answered by Ewan R. Maths tutor
4279 Views

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