# How do you create a supply and demand equation?

## How do you create a supply and demand equation?

Using the equation for a straight line, y = mx + b, we can determine the equations for the supply and demand curve to be the following: Demand: P = 15 – Q. Supply: P = 3 + Q.

How do you write a supply equation?

You use the supply formula, Qs = x + yP, to find the supply line algebraically or on a graph. In this equation, Qs represents the number of supplied hats, x represents the quantity and P represents the price of hats in dollars.

### How do you find the supply curve equation?

How do you find the demand curve equation?

Qd = a – b(P)

1. Q = quantity demand.
2. a = all factors affecting price other than price (e.g. income, fashion)
3. b = slope of the demand curve.
4. P = Price of the good.

#### What is the supply curve equation?

A linear supply curve can be plotted using a simple equation P. = a + bS. a = plots the starting point of the supply curve on the Y-axis intercept. b = slope of the supply curve.

How do you solve supply and demand equations?

Calculations With Supply and Demand So here’s an example: D(demand) = 20 – 2P(price). So you are taking that demand figure of 20, and subtracting from it two multiplied by the price. S(supply) = -10 + 2P(price).

## What is the formula for supply and demand?

How do you graph an equation on Excel?

Consider the following steps in order to graph functions in Excel:

1. Open Excel. To graph functions in Excel, first, open the program on your computer or device.