Question: Can you solve the questions and complete the graph. Due: Monday Oct.4 Econ 1021a (570) Assignment 2 Fall 2021 Professor Ibbott P ($) 80 70

Can you solve the questions and complete the graph.

Can you solve the questions and complete the graph. Due: Monday Oct.4

Due: Monday Oct.4 Econ 1021a (570) Assignment 2 Fall 2021 Professor Ibbott P ($) 80 70 60 50 40 30 20 10 0 Q 10 20 30 40 50 60 70 80 90 100 110 120 -10 -20 The demand curve is given by Q = 100 - 2P and the supply curve is given by Q = 40 + 4P. 1. The market equilibrium price is $_(be precise and show your work below) 2. The market equilibrium quantity is _ (be precise and show your work below) 3. Draw the demand curve. (be precise and show the vertical intercept and correct slope) 4. Draw the supply curve. (be precise and show the vertical intercept and correct slope) 5. Show the market equilibrium price and quantity. (be precise)

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