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Today we will discuss how to find equilibrium price and quantity using linear demand and supply equations. To demonstrate, we will use movie tickets with demand at 80-4p and supply at -20+8p. Plotting demand and supply curves requires finding points on each. Demand intercepts at 80,000 tickets at price 0, and at price 10, demand is 40,000. Equilibrium is where demand equals supply, so we set the equations equal to find p=7.5 and q=40,000. This gives us the equilibrium price and quantity for movie tickets.