At $0.53 per bushel, the daily supply for wheat is 301 bushels, and the daily demand is 595 bushels. When the price is raised to $0.83 per bushel, the daily supply increases to 601 bushels, and the daily demand decreases to 495 bushels. Assume that the price-supply and price-demand equations are linear. a. Find the price-supply equation p = (Type an expression using q as the variable. Round to three decimal places as needed.)
At $0.53 per bushel, the daily supply for wheat is 301 bushels, and the daily demand is 595 bushels. When the price is raised to $0.83 per bushel, the daily supply increases to 601 bushels, and the daily demand decreases to 495 bushels. Assume that the price-supply and price-demand equations are linear. a. Find the price-supply equation p = (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
Section: Chapter Questions
Problem 1RQ
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