Demand Supply
1. The problem is to analyze the demand and supply functions, which are typically given as equations relating quantity demanded or supplied to price.
2. The demand function usually has the form $Q_d = f(P)$, where $Q_d$ is quantity demanded and $P$ is price.
3. The supply function usually has the form $Q_s = g(P)$, where $Q_s$ is quantity supplied and $P$ is price.
4. Important rules: The demand function generally slopes downward (higher price, lower demand), and the supply function generally slopes upward (higher price, higher supply).
5. To find equilibrium price and quantity, set demand equal to supply: $$Q_d = Q_s$$ and solve for $P$.
6. Without explicit functions provided, we cannot perform further calculations or graphing.
7. Please provide the explicit demand and supply functions to proceed with analysis and solution.