Suppose the demand for fish tacos is given by the following equation: qd = 12 - 2p where qd is the quantity demanded per week of fish tacos, and p is the price of fish tacos. suppose further that the supply of fish tacos is: qs = 1 + 3p where qs is the quantity supplied per week of fish tacos. what is the equilibrium market price of fish tacos? (round your answer to 2 decimal places.)

Q = 7.6

P= 2.2

Explanation:

The equilibrium price makes both, supply and demand equal quantity.

we can conclude Qd = Qs

We replace quanty by their price-based expression

12 - 2P = 1 + 3P

And we can solve for price

11 = 5P

2.2 = P

Then we solve for Q

1 + 3 x 2.2 = 7.6

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer90,000;