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Plot the following Price and Quantity combinations: (4, 6), (3, 4), (2, 2)

Clear All Draw: Dot

Hint

Box 1: Enter your answer by drawing on the graph.

Is your graph more likely to be a demand curve or a supply curve?

Hint

Box 1: Select the best answer

supply curve

Why?

Hint

Box 1: Enter your answer as text. This question is not automatically graded.

Law of Supply; As price goes up, producers supply a higher quantity.

Using the equation of a line, and P for price and Q for quantity, what is the algebraic formula of this curve?

Hint

Box 1: Enter your answer as an equation. Example: y=3x^2+1, 2+x+y=3

Be sure your variables match those in the question

`P=-2+2 Q`