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Draw the graph and derive the equation of the following: P-intercept is P12 and Q-intercept is 50 units. P-intercept is P-5 and Q-intercept is 20
Draw the graph and derive the equation of the following:
- P-intercept is P12 and Q-intercept is 50 units.
- P-intercept is P-5 and Q-intercept is 20 units.
- In problem 1 and 2, draw the curves on the same set of axes and solve the following: a) surplus/shortage when the selling price is P10.b) the selling price when the surplus is 5 units.
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