An equation is a statement with an equals sign, stating that two expressions are equal in value, for example: \(3x + 5 = 11\). Solving an equation means finding the value or values for which the two ...

Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

A linear equation is drawn as a straight line on a set of axes. To draw the graph we need coordinates. We generate these coordinates by substituting values into the linear equation. STEP 1 - Draw a ...