My Math Forum  

Go Back   My Math Forum > High School Math Forum > Algebra

Algebra Pre-Algebra and Basic Algebra Math Forum


Reply
 
LinkBack Thread Tools Display Modes
August 10th, 2017, 07:39 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/ 1-q

can anyone help me work out how the got from one to the other?

Thanks
Simonsky is offline  
 
August 10th, 2017, 08:00 AM   #2
Senior Member
 
Joined: May 2016
From: USA

Posts: 803
Thanks: 319

Quote:
Originally Posted by Simonsky View Post
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/ 1-q

can anyone help me work out how the got from one to the other?

Thanks
$p = a + qp + i \implies$

$p = a + pq + i \implies$

$p - pq = a + i \implies$

$p(1 - q) = a + i \implies$

$p = \dfrac{a + i}{1 - q}$
JeffM1 is offline  
August 10th, 2017, 09:01 AM   #3
Newbie
 
Joined: Jan 2017
From: Britain

Posts: 18
Thanks: 0

Thanks for clear explanation! Very helpful!
Simonsky is offline  
Reply

  My Math Forum > High School Math Forum > Algebra

Tags
economics, equation



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Micro-economics IlanSherer Economics 5 April 5th, 2017 05:30 AM
Macro economics equation Simonsky Elementary Math 2 January 28th, 2017 12:50 PM
Axiomatic Economics Grozny New Users 4 October 21st, 2015 10:32 AM
MA-Economics JJAtlanta New Users 4 August 8th, 2011 11:01 PM
economics question Help! daveyf Economics 0 April 14th, 2011 04:14 PM





Copyright © 2017 My Math Forum. All rights reserved.