Concept explainers
Use the elimination method in Exercises 55 – 58 to find an equilibrium point for the described supply-demand situation. You may assume that the supply and demand equations are both linear.
Supply and demand-housing. In doing a low-income housing survey, the local chamber of commerce found that if an apartment rents $400 per month, there were only 275 available; however, when the rental price rose to $550 per month, the supply increased to 350. In contrast, at a rental price of $400 per month, there was a demand for 450 units, but when the rental price increased to $550 per month, the demand dropped to only 200 units. Find the monthly rental price at which the number of apartments demanded and the number of apartments supplied will be equal.
Want to see the full answer?
Check out a sample textbook solutionChapter 7 Solutions
EBK MATHEMATICS ALL AROUND
- For the problem below, what are the possible solutions for x? Select all that apply. x² + 12x - 62 = 0 x² + 12x + 36 = 62 + 36 (x+6)² = 98arrow_forwardSelect the polynomials below that can be solved using Completing the Square as written. 6m² +12m 8 = 0 Oh²-22x 7 x²+4x-10= 0 x² + 11x 11x 4 = 0arrow_forwardProve that the usual toplogy is firast countble or hot and second countble. ①let cofinte toplogy onx show that Sivast countble or hot and second firast. 3) let (x,d) be matricspace show that is first and second countble. 6 Show that Indiscret toplogy is firstand Second op countble or not.arrow_forward
- H.W For any events A and B, show that 1. P(AB)s P(A)≤ P(AUB)≤ P(A) + P(B)arrow_forwarda) Find the scalars p, q, r, s, k1, and k2. b) Is there a different linearly independent eigenvector associated to either k1 or k2? If yes,find it. If no, briefly explain.arrow_forwardPlz no chatgpt answer Plz Will upvotearrow_forward
- 1/ Solve the following: 1 x + X + cos(3X) -75 -1 2 2 (5+1) e 5² + 5 + 1 3 L -1 1 5² (5²+1) 1 5(5-5)arrow_forwardI need expert handwritten solution.to this integralarrow_forwardHow to understand and learn Laurent's serial and what's the point of Laurent's serial And what are the steps of a smooth solution for Laurentarrow_forward
- Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill EducationMathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
- Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSONDiscrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education