please answer c and d At a price of $2.24 per bushel, the supply of a certain grain is 7300 million bushels and the demand is 7700 million bushels. At a price of $2.35 per bushel, the supply is 7700 million bushels and the demand is 7600 million bushels.(A) Find a price-supply equation of the form p = mx + b, wherep 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= 0.000275x+ 0.2325 .(Type an exact answer. Use integers or decimals for any numbers in the equation.)(B) The price-demand equation is p= -0.0011x+ 10.71.(Type an exact answer. Use integers or decimals for any numbers in the equation.)(C) The equilibrium point is 7620(Type an ordered pair. Type an exact answer. Use integers or decimals for any numbers in the expression.)

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Answered: n, price-demand equation, and…

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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Similar questions

Find three solutions to the linear equation y=2x4 .
At a price of $2.27 per bushel, the supply of a certain grain is 7400 million bushels and the demand is 7800 million bushels. At a price of $2.38 per bushel, the supply is 7800 million bushels and the demand is 7700 million bushels. (A) Find a price-supply equation of the form pmxb, 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 pmxb, 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.
For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1,000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price. 2x + 9p - 93 = 0 and 3x - 14p + 108 = 0
For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1,000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price. p = - 2x + 15 and p = 5x + 1
For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price. p = −0.3x + 9 and p = 0.25x + 3.5 equilibrium quantity
For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price. 2x + 7p − 56 = 0 and 3x − 11p + 45 = 0 equilibrium quantity units equilibrium price $
For the pair of supply and demand equations,where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. p=54-7x2 and p= x2+10x+29
For the pair of supply and demand equations, x+2p -1500 = 0 and 2x - p + 250= 0 where x represents the quantity demanded and p is the unit price in dollars. Find the equilibrium quantity and equilibriium price.
In the Fahrenheit temperature scale, water freezes at 32°F and boils at 212°F. In the Celsius scale, water freezes at 0°C and boils at 100°C. Given that the Fahrenheit temperature F and the Celsius temperature C are related by a linear equation, find F in terms of C.
At a price of $4.67 per pound, the supply for cherries is 16,273 pounds, and the demand is 10,391 pounds. When the price drops to $4.21 per pound, the supply decreases to 10,923 pounds and the demand increases to 12,892 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium price? $ per pound. Round to the nearest cent. At a price of $4.66 per pound, the supply for cherries is 16,248 pounds, and the demand is 10,369 pounds. When the price drops to $4.16 per pound, the supply decreases to 10,643 pounds and the demand increases to 12,641 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium quantity? Round to the nearest pound. $ pounds.
In particular, historical data shows that 5000 shirts can be sold at a price of $62, while 9000 shirts can be sold at a price of $30. Give a linear equation in the form p=mn+bp=mn+b that gives the price pp they can charge for nn shirts.
In the Fahrenheit temperature scale, water freezes at 32°F and boils at 212°F. In the Celsius scale, water freezes at 0°C and boils at 100°C. Given that the Fahrenheit temperature F and the Celsius temperature C are related by a linear equation, find F in terms of C. F(C) = Use your equation to find the Fahrenheit temperatures corresponding to 29°C, 23°C, −9°C, and −16°C, to the nearest degree. °F(29)= °F(23)= °F(−9)= °F(−16)=

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