Question
Asked Feb 2, 2020
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System of Equations:
p=6−2q
p=2+q

Plot both equations on a graph.

The values of pp and qq that solve these two equations simultaneously can be seen on the graph as

A. the inverse of the slopes of the two lines

B. the slopes of the two lines

C. the coordinates at which the two lines intersect

D. the value of the intercepts of the two lines 

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Expert Answer

Step 1

The first equation is:

p = 6 - 2q

The second equation is:

p = 2 + q

Plotting both equations on graph:

Economics homework question answer, step 1, image 1

Step 2

The values of price and quantity that solve these two equations simultaneously are the coordinates at which the two lines intersect. This is because at the point of intersection, both...

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