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

Here are the demand and supply curves for the notebook market:

- **Demand Curve** (blue): \( Q_d = 480 - 20p \)
- **Supply Curve** (red): \( Q_s = 60p \)

The point where these two curves intersect represents the market equilibrium, where the quantity demanded equals the quantity supplied.

Would you like to explore the equilibrium point, or do you have any other questions?

Here are some related questions you might consider:
1. How do you find the equilibrium price and quantity?
2. What happens to the equilibrium if the demand curve shifts?
3. How would a price ceiling or floor affect this market?
4. What is the elasticity of demand at the equilibrium point?
5. How does a change in supply, due to external factors, affect the market?

**Tip:** When analyzing market equilibrium, always consider both shifts in supply and demand curves and how they affect the price and quantity in the market.

Explore the demand and supply curves for the notebook market with detailed graphs and equations. Understand the market equilibrium point where quantity demanded equals quantity supplied. Learn about related concepts such as shifts in demand and supply curves, price controls, and elasticity of demand.

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