At $0.49 per bushel, the daily supply for wheat is 460 bushels, and the daily demand is 568 bushels. When the price is raised to $0.73 per bushel, the daily supply increases to 520 bushels, and the daily demand decreases to 328 bushels. Assume that the price-supply and price-demand equations are linear. HE a. Find the price-supply equation. p=0 (Type an expression using q as the variable. Round to three decimal places as needed.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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At
$0.49 per bushel, the daily supply for wheat is 460 bushels, and the daily demand is 568 bushels. When the price
is raised to $0.73 per bushel, the daily supply increases to 520 bushels, and the daily demand decreases to 328
bushels. Assume that the price-supply and price-demand equations are linear.
HE
a. Find the price-supply equation.
p=0
(Type an expression using q as the variable. Round to three decimal places as needed.)
Transcribed Image Text:At $0.49 per bushel, the daily supply for wheat is 460 bushels, and the daily demand is 568 bushels. When the price is raised to $0.73 per bushel, the daily supply increases to 520 bushels, and the daily demand decreases to 328 bushels. Assume that the price-supply and price-demand equations are linear. HE a. Find the price-supply equation. p=0 (Type an expression using q as the variable. Round to three decimal places as needed.)
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