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At a price of ​$2.25 per​ bushel, the supply of a certain grain is 7400 million...

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Basic Math

At a price of ​$2.25 per​ bushel, the supply of a certain grainis 7400 million bushels and the demand is 7700 million bushels. Ata price of ​$2.3 per​ bushel, the supply is 7800 million bushelsand the demand is 7600 million bushels. ​(A) Find a​ price-supplyequation of the form p=mx+s​b, where p is the price in dollars andx is the supply in millions of bushels.

​(B) Find a​ price-demand equation of the form p=mx+​b, where pis 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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At a price of 225 per bushel the supply of a certain grain is 7400 million bushels and the demand is 7700 million bushels At a price of 23 per bushel the supply is 7800 million bushels and the demand is 7600    See Answer
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