1.) Use the line drawing tool to draw the equation Y = 1 + 1.50X. Label your line 'A'. 20- 2.) Use the line drawing tool to draw the equation Y = 18 - 1.50X. Label your line 'B'. 18- 16- 3.) Use the point drawing tool to indicate the point where both equations are equal. Label this point 'Equilibrium'. 14- Carefully follow the instructions above, and only draw the required objects. 12- a 10- 8- 6- 4- 2- 0- 6. 8. 10 12 14 16 18 20 Quantity (Q) Price P = f(Q)

1.) Use the line drawing tool to draw the equation Y = 1 + 1.50X. Label your line 'A'. 20- 2.) Use the line drawing tool to draw the equation Y = 18 - 1.50X. Label your line 'B'. 18- 16- 3.) Use the point drawing tool to indicate the point where both equations are equal. Label this point 'Equilibrium'. 14- Carefully follow the instructions above, and only draw the required objects. 12- a 10- 8- 6- 4- 2- 0- 6. 8. 10 12 14 16 18 20 Quantity (Q) Price P = f(Q)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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