Fast pls solve this question correctly in 5 min pls I will give u like for sure Monty At a price of $2.23 per bushel, the supply of a certain grain is 7200 million bushels and the demand is 7800 million bushels. At a price of $2.34 per bushel, the supply is 7600 million bushels and the demand is 7700 million bushels. (A) Find a price-supply equation of the form p=mx+b, where p is the price in dollars and x is the supply in millions of bushels. (B) Find a price-demand equation of the form p=mx+b, where p is the price in dollars and x is the demand in millions of bushels. (C) Find the equilibrium point. (D) Graph the price-supply equation, price-demand equation, and equilibrium point in the same coordinate system
Fast pls solve this question correctly in 5 min pls I will give u like for sure Monty At a price of $2.23 per bushel, the supply of a certain grain is 7200 million bushels and the demand is 7800 million bushels. At a price of $2.34 per bushel, the supply is 7600 million bushels and the demand is 7700 million bushels. (A) Find a price-supply equation of the form p=mx+b, where p is the price in dollars and x is the supply in millions of bushels. (B) Find a price-demand equation of the form p=mx+b, where p is the price in dollars and x is the demand in millions of bushels. (C) Find the equilibrium point. (D) Graph the price-supply equation, price-demand equation, and equilibrium point in the same coordinate system
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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Fast pls solve this question correctly in 5 min pls I will give u like for sure
Monty
At a price of $2.23 per bushel, the supply of a certain grain is 7200 million bushels and the demand is 7800 million bushels. At a price of $2.34
per bushel, the supply is 7600 million bushels and the demand is 7700 million bushels.
(A) Find a price-supply equation of the form
p=mx+b, where p is the price in dollars and x is the supply in millions of bushels.
(B) Find a price-demand equation of the form p=mx+b,
where p is the price in dollars and x is the demand in millions of bushels.
(C) Find the equilibrium point.
(D) Graph the price-supply equation, price-demand equation, and equilibrium point in the same coordinate system .
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