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make the graph using this: Set up the axes: Label the horizontal axis as Price (P) and the vertical axis as Quantity (Q). Plot the
make the graph using this: Set up the axes: Label the horizontal axis as "Price (P)" and the vertical axis as "Quantity (Q)." Plot the Demand Function (Qd): The demand function is Qd = 50 - 10P. To plot it, start at the point where P = 0, which is Qd = 50. Plot this point on the Q-axis. Find another point by setting P = 5 (Qd = 0). Plot this point. Connect these two points with a straight line (a downward-sloping line) to represent the demand curve. Plot the Supply Function (Qs): The supply function is Qs = 10P - 10. To plot it, start at the point where P = 0, which is Qs = -10. Plot this point on the Q-axis. Find another point by setting P = 1 (Qs = 0). Plot this point. Connect these two points with a straight line (an upward-sloping line) to represent the supply curve. Label the curves: Label the demand curve as "Qd" and the supply curve as "Qs." The point where the two curves intersect is the equilibrium point, where the quantity demanded equals the quantity supplied
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