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August 10th, 2017, 08:39 AM  #1 
Newbie Joined: Jan 2017 From: Britain Posts: 18 Thanks: 0  Economics equation
Came across this economics equation in my studies: P = A+q X P+I Which was then rendered in terms of P as: P = A+I/ 1q can anyone help me work out how the got from one to the other? Thanks 
August 10th, 2017, 09:00 AM  #2  
Senior Member Joined: May 2016 From: USA Posts: 904 Thanks: 359  Quote:
$p = a + pq + i \implies$ $p  pq = a + i \implies$ $p(1  q) = a + i \implies$ $p = \dfrac{a + i}{1  q}$  
August 10th, 2017, 10:01 AM  #3 
Newbie Joined: Jan 2017 From: Britain Posts: 18 Thanks: 0 
Thanks for clear explanation! Very helpful!


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economics, equation 
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