Consider a market characterized by the following demand and supply conditions:
Demand: Px = 50 - 5QX
Supply: Px = 32 + QX.
Graph the demand and the supply. Label the axis and the equilibrium. The equilibrium
price and quantity are, respectively?
Looking on how to graph this.© BrainMass Inc. brainmass.com March 21, 2019, 9:14 pm ad1c9bdddf
This posting depicts demand and the supply clearly.