SOLUTION: Consider the market for wheat which is represented by the following equations: Demand: P= 75-5Q Supply: P=12+2Q Graph these curves being sure to fully label your graph find t

Question 881747: Consider the market for wheat which is represented by the following equations:
Demand: P= 75-5Q
Supply: P=12+2Q
Graph these curves being sure to fully label your graph find the equilibrium quantity and price
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

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Equlibrium occurs when Demand=Supply

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