Graph the Feasible Region Identified by the Inequalities $$\begin{array} { l } 4 x + 3 y \leq 12 \\3 x + 3 y \leq 18 \\x \geq 0 , y \geq 0\end{array}$$

question 4

Multiple Choice

Graph the feasible region identified by the inequalities: $$\begin{array} { l } 4 x + 3 y \leq 12 \\3 x + 3 y \leq 18 \\x \geq 0 , y \geq 0\end{array}$$

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Definitions:

Market Supply

The total amount of a specific good or service that is available to consumers at current prices in a given market.

Long-Run Equilibrium

A state in which all firms in a market are making normal profits and there is no incentive for market entry or exit, usually achieved in the long term.

Demand Increases

Situations or conditions that lead to a rise in the quantity of a product or service that consumers are willing and able to purchase.

Market Supply

The total quantity of a good or service that all producers in a market are willing and able to sell at various prices.