Suppose that the demand curve for corn has the equationp= -0.14q + 8.012 and the supply curve for corn has the equation p=0.5q +2.7, where p the price per bushel in dollars and q is the quantity (demanded or produced) in billions of bushels. (a) Find the quantities supplied and demanded when the price of com is $3.20 per bushel. (b) Determine the quantity of com that will be produced and the price at which it will sell. A (a) The quantity supplied when the price of com is $3.20 is billion bushels. P (Round to the nearest whole number as needed.) billon bushels. The quantity demanded when the price of con is $3.20 is C (Round to the nearest whole number as needed.) (b) The quantity that will be produced is billion bushels. (Round to the nearest tenth as needed.) Determine the price at which It will sell. It will sell at $ (Round to the nearest cent as needed.)

Suppose that the demand curve for corn has the equationp= -0.14q + 8.012 and the supply curve for corn has the equation p=0.5q +2.7, where p the price per bushel in dollars and q is the quantity (demanded or produced) in billions of bushels. (a) Find the quantities supplied and demanded when the price of com is $3.20 per bushel. (b) Determine the quantity of com that will be produced and the price at which it will sell. A (a) The quantity supplied when the price of com is $3.20 is billion bushels. P (Round to the nearest whole number as needed.) billon bushels. The quantity demanded when the price of con is $3.20 is C (Round to the nearest whole number as needed.) (b) The quantity that will be produced is billion bushels. (Round to the nearest tenth as needed.) Determine the price at which It will sell. It will sell at $ (Round to the nearest cent as needed.)

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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