Solved: Looking for some guidance on estimating supply and demand, Business Economics

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Looking for some guidance on estimating supply and demand

Looking for some guidance on estimating supply and demand curves. An sample practice problem lists:

(demand and supply are in millions)

Q(demand)=10-4P

Q(supply)=-2+8P

How do we plot something like this on a graph to find the equilibrium of price and quantity?

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Business Economics: Looking for some guidance on estimating supply and demand

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Business Economics: Looking for some guidance on estimating supply and demand

Reference No:- TGS02922941

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