We Are Given the Following Equations Where P Is Price

question 145

Essay

We are given the following equations where P is price and Q is quantity:
Equation 1: P = 300 - 10Q Equation 2: P = 5Q
a.Which equation represents the demand curve? Why?
b.What is the equilibrium price and equilibrium quantity?
c.At a price of $150,is there a shortage,surplus,or neither? If there is a shortage or surplus,what is the amount of that shortage or surplus?

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Definitions:

Coupling Constant

A parameter in nuclear magnetic resonance (NMR) spectroscopy that measures the interaction between spinning nuclei.

Aldehydic Proton

The hydrogen atom attached to the carbon of an aldehyde group, which is typically more deshielded in NMR spectroscopy compared to other hydrogen atoms.

Equivalent

A term used to describe a quantitative relationship in chemistry, representing entities that have the same capacity to react.

Diastereotopic

Diastereotopic refers to hydrogen atoms or groups in a molecule that are not identical and are replaced by another atom or group, leading to diastereomers.