At a price of â€‹$2.25 perâ€‹ bushel, the supply of a certain grain is 7400 million...

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At a price of â€‹$2.25 perâ€‹ bushel, the supply of a certain grainis 7400 million bushels and the demand is 7700 million bushels. Ata price of â€‹$2.3 perâ€‹ bushel, the supply is 7800 million bushelsand the demand is 7600 million bushels. â€‹(A) Find aâ€‹ price-supplyequation of the form p=mx+sâ€‹b, where p is the price in dollars andx is the supply in millions of bushels.
â€‹(B) Find aâ€‹ price-demand equation of the form p=mx+â€‹b, where pis the price in dollars and x is the demand in millions of bushels.â€‹
(C) Find the equilibrium point.
(D) Graph theâ€‹ price-supply equation,â€‹ 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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