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    demand and the supply

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    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 October 10, 2019, 2:12 am ad1c9bdddf

    Solution Summary

    This posting depicts demand and the supply clearly.