At a price of $2.28 per bushel, the supply of a certain grain is 7100 million bushels and the demand is 7800 million bushels. At a price of $2.39 per bushel, the supply is 7500 million bushels and the demand is 7700 million bushels.(A) Find a price-supply equation of the form(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(C) Find the equilibrium point.(D) Graph the price-supply equation, price-demand equation, and equilibrium point in the same coordinate system.= mx +b, where p is the price in dollars and x is the supply in millions of bushels.bushels.(A) The price-supply equation is p=(Type an exact answer. Use integers or decimals for any numbers in the equation.)(B) The price-demand equation is p =(Type an exact answer. Use integers or decimals for any numbers in the equation.)(C) The equilibrium point is(Type an ordered pair. Type an exact answer. Use integers or decimals for any numbers in the expression.)(D) Choose the correct graph below.OA.OB.APOc.7000800080008000Click to select your answer(s).सस्सR.GK

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At a price of $2.28 per bushel, the supply of a certain grain is 7100 million bushels and the demand is 7800 million bushels. At a price of $2.39 per bushel, the supply is 7500 million bushels and the demand is 7700 million bush (A) Find a price-supply equation of the form p =mx + b, 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=. (Type an exact answer. Use integers or decimals for any numbers in the equation.) (B) The price-demand equation is p= (Type an exact answer. Use integers or decimals for any numbers in the equation.) (C) The equilibrium point is. (Type an ordered pair. Type an exact answer. Use integers or decimals for any numbers in the expression.) תב)

At a price of $2.28 per bushel, the supply of a certain grain is 7100 million bushels and the demand is 7800 million bushels. At a price of $2.39 per bushel, the supply is 7500 million bushels and the demand is 7700 million bush (A) Find a price-supply equation of the form p =mx + b, 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=. (Type an exact answer. Use integers or decimals for any numbers in the equation.) (B) The price-demand equation is p= (Type an exact answer. Use integers or decimals for any numbers in the equation.) (C) The equilibrium point is. (Type an ordered pair. Type an exact answer. Use integers or decimals for any numbers in the expression.) תב)

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.3: Lines

Problem 92E

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At a price of $2.27 per bushel, the supply of a certain grain is 7400 million bushels and the demand is 7600 million bushels. At a price of $2.34 per bushel, the supply is 7800 million bushels and the demand is 7500 million bushels. (A) Find a price-supply equation of the form p=mx+b, 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.
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