This web page contains a live and functional spreadsheet created with
SpreadsheetConverter
. Please enable JavaScript in your web browser for the live calculations to work properly.
Supply and Demand Questions
(Note: Q is plotted horizontally and P is plotted vertically)
Q1)
The supply of a certain product is given by the equation:
3
P
+
-2
Q
=
400
where P is the market price and Q is the quantity produced.
The demand of the same product is given by the equation:
2
P
+
3
Q
=
700
x int
0
y int
0
x int
0
y int
0
Plot Points
Supply
0
Demand
0
Find the equilibrium price and quantity:
P=
Q=
Q2)
The supply of a certain product is given by the equation:
3
P
+
3
Q
=
2000
where P is the market price and Q is the quantity produced.
The demand of the same product is given by the equation:
6
P
+
-4
Q
=
700
x int
0
y int
0
x int
0
y int
0
Plot Points
Supply
0
Demand
0
Find the equilibrium price and quantity:
P=
Q=
Set your own question:
P
+
Q
=
P
+
Q
=
Choose Q values to plot lines:
Q
P
[No canvas support]
Find the equilibrium price and quantity:
P=
Q=
Reset
Print