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hi students one thing that youre going to have to be able to do in this class is take an equation that represents demand an equation that represents supply and graph them on an XY plane or in the case of supply and demand of P and Q plane so were going to do today is were going to start off with a couple of equations Im going to show you how to graph them and then find the equilibrium now lets start off with the information that I would give you which would be two equations what your first step would be is trying to figure out which one has demand and which one is supply so we start off were trying to figure out which one is demand what we do know is that demand is downward sloping what downward sloping really means is just that its going to have a negative slope what we do know about these equations that were looking at is they are in the y equals MX plus B format and in this yyk equals MX plus B format we know that the M is our slope so lets draw our graph our xy-plane and
