Price 100
1 Price
100
Derman (D)
Supply (S)
80

60
60
40
40
20
20
20
40

Based on the demand graph and the supply graph shown above, what is the price at the point of equilibrium?
a.
100
b. 70
C. 40
d. There is not enough information given to determine the point of equilibrium

If you draw a card with a value of three or less from a standard deck of cards, i will pay you $43. if not, you pay me $11. (aces are considered the highest card in the deck.) step 1 of 2 : find the expected value of the proposition. round your answer to two decimal places. losses must be expressed as negative values.