If you have a demand function of Qd=48-9P and a supply function of Qs=-12+6P, what would the equilibrium QUANTITY be?

The equilibrium quantity is 26.4

Step-by-step explanation:

Given

Required

Determine the equilibrium quantity

First, we need to determine the equilibrium by equating Qd to Qs

i.e.

This gives:

Collect Like Terms

Solve for P

This is the equilibrium price.

Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:

Hence, the equilibrium quantity is 26.4

the ratio of white tiles to blue tiles is 48: 16. the ratio in it's simplest form is 3: 1.

step-by-step explanation:

ratio: take the first number and add a colon next to it, then add the second number after that. make sure the ratio order matches up with the written problem!

simplest form: we can simplify the ratio 48 : 16 by dividing both terms by the greatest common factor (gcf).

the gcf of 48 and 16 is 16.

divide both terms by 16:

48 ÷ 16 = 3

16 ÷ 16 = 1

reducing to simplest form:

48 : 16 = 3 : 1

1696 hundred thousand

step-by-step explanation: