Now graph the equation (note: let me know if you help graphing this)
Graph of
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Go back to the given equation
Replace with (which is the second part)
Distribute the negative
Combine like terms.
Now graph the equation
Graph of
Now graph the two equations together:
Graph of (red) and graph of (green)
Because the sign in front of the absolute value is a negative sign, this tells us that we have to erase the portions of the graph that are above the intersection like this: