At a price of 2 21 per bushel the supply of a certain grain is...
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Algebra
At a price of 2 21 per bushel the supply of a certain grain is 7300 million bushels and the demand is 7500 million bushels At a price of 2 26 per bushel the supply is 7700 milion demand is 7400 million bushels A Find a price supply equation of the form p mxb 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 A The price supply equation is p 0 000125x 12975 Type an exact answer Use integers or decimals for any numbers in the equation 6 The price demand equation is p 0 0005 5 96 Type an exact answer Use integers or decimals for any numbers in the equation C The equilibrium point is 7460223 Type an ordered par Type an exact answer Use integers or decimals for any numbers in the expression D Choose the correct graph below 1000 CH 2000 OC 7000
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