
Algebra PreAlgebra and Basic Algebra Math Forum 
 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/ 1q can anyone help me work out how the got from one to the other? Thanks 
August 10th, 2017, 08:00 AM  #2  
Senior Member Joined: May 2016 From: USA Posts: 1,038 Thanks: 423  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, 09:01 AM  #3 
Newbie Joined: Jan 2017 From: Britain Posts: 18 Thanks: 0 
Thanks for clear explanation! Very helpful!


Tags 
economics, equation 
Thread Tools  
Display Modes  

Similar Threads  
Thread  Thread Starter  Forum  Replies  Last Post 
Microeconomics  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 
MAEconomics  JJAtlanta  New Users  4  August 8th, 2011 11:01 PM 
economics question Help!  daveyf  Economics  0  April 14th, 2011 04:14 PM 