In the market for facemasks in Alabama, the demand and supply of these masks can be summarized in the following equations:

Q^d= 50 - 2P

Q^s= 3P- 15

1. Sketch the demand and supply curves (you only need to find the x and y intercepts). Clearly label all parts of the graph.Upload your sketch as your answer to this question.

1. Calculate the equilibrium price and quantity andindicate this point on your sketch above.