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 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
August 10th, 2017, 08:00 AM   #2
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 Originally Posted by Simonsky 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
$p = a + qp + i \implies$

$p = a + pq + i \implies$

$p - pq = a + i \implies$

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

$p = \dfrac{a + i}{1 - q}$

 August 10th, 2017, 09:01 AM #3 Newbie   Joined: Jan 2017 From: Britain Posts: 18 Thanks: 0 Thanks for clear explanation! Very helpful!

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