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Use the graphical method for linear programming to find the optimal solution for the following problem.
Minimize C = 12x + 4y
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance each other.
Supply Decrease
A situation in economics where the amount of a certain good or service that producers are willing to provide at a specific price level reduces.
Demand Decrease
A reduction in the quantity of a good or service that consumers are willing and able to purchase at various prices.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a certain price over a specific period.
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