consider the folowing demand and supply fuctions inthe notebok market  Qs =480 -20p,  Qs =60p  (!) graph the respective curves

Here's the graph of the demand and supply curves for the notebook market:

- The **Demand Curve** \( Q_d = 480 - 20p \) slopes downward, indicating that as the price increases, the quantity demanded decreases.
- The **Supply Curve** \( Q_s = 60p \) slopes upward, indicating that as the price increases, the quantity supplied increases.

Do you want further details on the curves or have any questions?

Here are 5 related questions to explore:

1. At what price do the supply and demand curves intersect (equilibrium)?
2. How does a shift in demand affect the market equilibrium?
3. What happens if the supply curve shifts due to changes in production costs?
4. How does elasticity of demand or supply impact the curves?
5. How would taxes or subsidies impact the supply curve?

**Tip:** In economics, the point where the demand and supply curves intersect is known as the equilibrium price, where the quantity demanded equals the quantity supplied.

Explore the graph of demand and supply curves in the notebook market. Understand how the demand curve \( Q_d = 480 - 20p \) and the supply curve \( Q_s = 60p \) interact to determine market equilibrium and pricing. Learn about economic principles and equilibrium price determination.

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