The supply and demand curves for a business dealing with wheat areSupply: p= 1.45 +0.00014xDemand:...
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The supply and demand curves for a business dealing with wheat areSupply: p= 1.45 +0.00014xDemand: p= (2.373 -0.007x)where p is the price in dollars per bushel and x is the quantity in bushels per day. Use a graphing utility to graph the supply and demand equations and find the market equilibrium. (The market equilibrium is the point of intersection of the graphs for x > 0. Round youranswers to two decimal places.)
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