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At $0.42 per bushel, the daily supply for wheat is 421 bushels, and the daily demand is 591 bushels. When the price is raised to

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At $0.42 per bushel, the daily supply for wheat is 421 bushels, and the daily demand is 591 bushels. When the price is raised to $0.74 per bushel, the daily supply increases to 581 bushels, and the daily demand decreases to 271 bushels. Assume that the price-supply and price-demand equations are linear. a. Find the price-supply equation. p = 0.0029 -0.422 (Type an expression using as the variable. Round to three decimal places as needed.) b. Find the price-demand equation. p= -0.0019 + 1.011 (Type an expression using q as the variable. Round to three decimal places as needed.) c. Find the equilibrium price and equilibrium quantity. price = $ quantity = (Round to the nearest cent as needed.) (Round to the nearest bushel as needed.) bushels dit fields and then click Check

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