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How can I graph equation demand Qd = 250,000 - 375P and supply Qs = 15,000 212.5P?

Asked Nov 7, 2010, 05:05 AM — 1 Answer
Strayer Island is given by the equation Qd=250,000-375P. The daily supply of newspapers on Strayer Island is given by the equation Qs=15,000+212.5P. Graphy these demand and supply curves. What is the equilibrium price and quantity of newspapers in Stayer Island?

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Fari12 Posts: 4, Reputation: 10
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Feb 14, 2011, 07:18 AM
All you had to do was to plug figures in for the variable p for both equation and then plot it. And where the graphs intersect that would have been be equilibrium price and quantity
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