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Simultaneous linear equation is in the form:
ax + by = c
Types of simultaneous linear equation results:
1. A unique solution
2. No solution (parallel lines)
3. Infinite number of solutions (confounded lines)
At equilibrium:
1. Qd = Qs = Q
2. Pd = Ps = P so: a - bQ = a + bQ
At breakeven:
1. Tc = TR
2. Pi = 0 (Pi = TR - Tc)
Tc > TR ===> loss
Tc < TR ===> Gain
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