Question

1 point
Find the equilibrium price for the
given demand and supply curves D
= 49 – 4p and S = 9p - 42
respectively where p is price.
*
O 3
O 5
O
O 10​

Answer 1

Answer:

5

Step-by-step explanation:

by Subtract 49-42 and 9p-4p

you got =5p

Answer 2

Answer:

The equilibrium price for the given demand and supply curves D= 49 – 4p and S = 9p - 42 is 7

Step-by-step explanation:

• Demand is the quantity of the product or services that a consumer want to get while supply is the amount of the goods and the services that can be given to consumer.
• The demand and supply effects the price of the goods and services.
• When there is equilibrium, then the demand is equal to  to the supply.
• The given demand curve is  $D= 49 - 4p$
• the given price curve is $P=9p-42$
• The equilibrium price is given by

       $D=P\\49-4p=9p-42\\13p=91\\p=7$

Conclusion:

The equilibrium price is 7