Market for facemasks in alabama

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In the market for facemasks in Alabama, the demand and supply of these masks can be summarized in the following equations:

Qd = 50 - 2P
Qs = 3P - 15

-Sketch the demand and supply curves (you only need to find the x and y intercepts). Clearly label all parts of the graph. Upload your sketch as your answer to this question.

-Calculate the equilibrium price and quantity and indicate this point on your sketch above.

Reference no: EM132542143

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