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A graphing calculator can do a linear regression on these points very easily. The y-intercept is 107.
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If you want to do this by hand, you can use the 2-point form of the equation for a line, then evaluate for x=0.
.. y = (100 -102)/(35 -25)*(x -25) +102
.. y =-2/10*(0 -25) +102
.. y = 107
_____
If you want to do this by hand, you can use the 2-point form of the equation for a line, then evaluate for x=0.
.. y = (100 -102)/(35 -25)*(x -25) +102
.. y =-2/10*(0 -25) +102
.. y = 107
the equilibrium point, is when Demand = Supply, namely, when the amount of "Q"uantity demanded by customers is the same as the Quantity supplied by vendors.
That occurs when both of these equations are equal to each other.
let's do away with the denominators, by multiplying both sides by the LCD of all fractions, in this case, 12.