I have these two equations:
The demand for coffee is given by the following equation, where QD stands for the quantity demanded and P stands for price.
QD = 100 - 4P
The supply of coffee is given by the following equation, where QS stands for the quantity supplied and P stands for price.
QS = 10 + 2P
I need to graph with the following instructions:
Select the tool "Demand" to plot the demand curve such that the endpoints touch each axis (where P = 0 and Q = 0). Select the tool "Supply" to plot the supply curve using the vertical intercept for one endpoint and the other point located at a value of Q = 100.
What I understand from the Demand is that they want me to plug the values when P=0 and when Q=0
I took each equation and plug in 0. For Q=100-4P I got 100 (100,0). Then when Q=0 I got (0,25)
For Supply the y-intercept would be (0,10) and then took Q=10+2P and got P=45 (100, 45)
I plug in the points but it keep s telling me it's wrong, am I missing something?
The demand for coffee is given by the following equation, where QD stands for the quantity demanded and P stands for price.
QD = 100 - 4P
The supply of coffee is given by the following equation, where QS stands for the quantity supplied and P stands for price.
QS = 10 + 2P
I need to graph with the following instructions:
Select the tool "Demand" to plot the demand curve such that the endpoints touch each axis (where P = 0 and Q = 0). Select the tool "Supply" to plot the supply curve using the vertical intercept for one endpoint and the other point located at a value of Q = 100.
What I understand from the Demand is that they want me to plug the values when P=0 and when Q=0
I took each equation and plug in 0. For Q=100-4P I got 100 (100,0). Then when Q=0 I got (0,25)
For Supply the y-intercept would be (0,10) and then took Q=10+2P and got P=45 (100, 45)
I plug in the points but it keep s telling me it's wrong, am I missing something?
