Consider solving the following system of equations:
\begin{cases} 2x−4y&=0, \\ 4x+4y&=−4. \end{cases}
We can use the substitution method or the elimination method, of which the latter has always been unclear to me: why does it work? I know that by eliminating one of the two variables you can solve for the variable you're left with, and consequently solve for the other one, but why do you get the point $(x,y)$ at which both lines intersect? Can anyone show me this graphically?

You are solving two equations, so two curves are involved (it can be more, of course, but for simplicity let's stick with two curves).
You are looking for points which are on both curves (lines in your example). The only way a point can be on both curves is if the curves intersect at those points.
Any other points on either line will not be on both lines (will not satisfy both equations at the same time).
So each equation represents one line/curve (or in more complex problems it can be curves or more complex structures in multidimensional spaces) and the set of values that satisfy all equations are, by definition, points on each line/curve.