A system of linear equations comprises two or more linear equations with a common set of variables, where the goal is to find the point where the lines intersect. There are three possible outcomes when graphing two linear equations: 1) the lines intersect at a single point, indicating one solution; 2) the lines are parallel and do not intersect, indicating no solution; or 3) the lines coincide, indicating infinitely many solutions. Solving systems of linear equations algebraically or graphically allows determining the number and type of solutions.