In economics, the equilibrium price is defined as the price at which quantity demanded and quantity supplied are equal. If the quantity demanded, D, and quantity supplied, S, in terms of the price in dollars, P, are given by the equations above, what is the equilibrium price

Why has the free enterprise system been modified to include some government intervention?

Kevin and jenny, who are both working full-time, have three children all under the age of ten. the two youngest children, who are three and five years old, attended eastside pre-school for a total cost of $3,000. ervin, who is nine, attended big kid daycare after school at a cost of $2,000. jenny has earned income of $15,000 and kevin earns $14,000. what amount of childcare expenses should be used to determine the child and dependent care credit?

When the price of pencils increases from $1.50 to $2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?