Can anyone help solve this equation just don't understand the steps to get to the answer: Y=4500/P+625+87.5[(5821.43-Y)/28.57] The answer is Y=1107.69/P+4542.31 Thank you,

Here you go:Y = 4500/P + 625 + 87.5[(5821.43-Y)/28.57]Y = 4500/P + 625 + 17829.02 - 3.06Y4.06Y = 4500/P + 18454.02Y = 1108.4/P + 4545.3I know it's not exactly the answer you provided but given rounding error it's close enough.flies away

A CFA Level 1 Discussion About Aggregate Demand Equation

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This topic has 1 reply, 2 voices, and was last updated Jun-193:25 pm by dollface.

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- dollface
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  11 Jun 2019 at 3:25 pm
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  Here you go:
  
  Y = 4500/P + 625 + 87.5[(5821.43-Y)/28.57]
  
  Y = 4500/P + 625 + 17829.02 – 3.06Y
  
  4.06Y = 4500/P + 18454.02
  
  Y = 1108.4/P + 4545.3
  
  I know it’s not exactly the answer you provided but given rounding error it’s close enough.
  
  flies away
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