How to draw a supply and demand curve from just the equilibrium price and equilibrium quantity?
I was told to draw a supply and demand graph and was only given the equilibrium point for it. Am I just supposed to draw a general graph and label the point, or is there something I'm missing?
- OiyLv 61 month ago
Just draw a demand curve with negative slop and a suppl curve with a positive slop. the two curves will cut at the equilibrium price and quantity given.