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Market research has revealed the given information about the market for chocolatebars: demand is represented by the equation Q d = 18 - 2P, where
Market research has revealed the given information about the market for chocolatebars:
- demand is represented by the equation Qd = 18 - 2P, where Qd is quantity demanded and P is the price, and
- supply is represented by the equation Qs = 3 + P, where Qs is the quantity supplied.
Manipulate the demand and supply curves on the graph to draw these equations, and move point E to representequilibrium.
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