Question: The equation for this demand curve is Q D = 90,000 - 25 P (or P = 3,600 - 0.04Q D ) The equation for

The equation for this demand curve is QD= 90,000 - 25 P (or P = 3,600 - 0.04QD)

The equation for this supply curve is Qs= -10,000 + 25 P (or P = 400 + 0.04Qs)

How would I use the information provided to:

  1. Plot supply and demand curves
  2. Solve for equilibrium price (P) and quantity (Q).

Please outline steps and show all work to make it easier to understand. Thank you so much.

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