Determine if the given equation is a supply or demand, Econometrics

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Determine if the given equation is a supply or demand

In (a) Determine if the given equation is a supply or demand equation. For a supply equation, find the minimum price for which there will be any supply. For a demand equation, find the maximum possible demand and the maximum price that can be charged.

(b) Plot the graph of the given equation.

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Econometrics: Determine if the given equation is a supply or demand

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