Plot graph of
Qd=20-4p, where p=#2,4
Qs=12+3p, where p=#2,4
In equilibrium Qd = Qs, so:
20 - 4p = 12 + 3p,
p = 8/7.
So, both prices p = 2 and p = 4 are above equilibrium, where Qd = Qs.
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