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1. Plot the following Price and Quantity combinations: (4, 8), (1, 2), (5, 10) 2. Is your graph more likely to be a demand curve

1. Plot the following Price and Quantity combinations: (4, 8), (1, 2), (5, 10)

2. Is your graph more likely to be a demand curve or a supply curve? Why?

3. Using the equation of a line, and P for price and Q for quantity, what is the algebraic formula of this curve?

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