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

Here’s a step-by-step plot of the demand and supply curves for the notebook market:

1. **Demand Curve Intercepts**:
   - The demand curve starts at \( (p = 0, Q_d = 480) \) and ends at \( (p = 24, Q_d = 0) \). This is marked by the blue dashed line with points highlighted in blue.
   
2. **Supply Curve Intercepts**:
   - The supply curve starts at \( (p = 0, Q_s = 0) \) and ends at \( (p = 8, Q_s = 480) \). This is marked by the red dashed line with points highlighted in red.

This plot illustrates how both curves are formed, showing their respective intercepts. The intersection of these curves, which isn't explicitly drawn yet, represents the equilibrium.

Would you like to see the equilibrium calculation or have any other questions?

Here are some related questions you might consider:
1. How do you calculate the equilibrium point from these functions?
2. What would happen if the demand function changes, for example, to \( Q_d = 500 - 20p \)?
3. How does taxation affect the supply curve in this model?
4. What is the significance of the slope of each curve?
5. How can external factors shift these curves?

**Tip:** Always check intercepts and slopes to understand the underlying behavior of supply and demand curves before analyzing market equilibrium.

Explore step-by-step how to graph demand and supply functions for the notebook market. Learn how to plot the demand function Qd = 480 - 20p and the supply function Qs = 60p, illustrating their intercepts and curves. Gain insights into market equilibrium and the impact of changes in demand and supply on market dynamics. Suitable for higher education students and professionals in economics and business.

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