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At a price of $ 2 . 2 8 per bushel, the supply of a certain grain is 7 1 0 0 million bushels and
At a price of $ per bushel, the supply of a certain grain is million bushels and the demand is million bushels. At a price of $ per bushel, the supply is million bushels and the demand is million bushels.
A Find a pricesupply equation of the form where is the price in dollars and is the supply in millions of bushels.
B Find a pricedemand equation of the form where is the price in dollars and is the demand in millions of bushels.
C Find the equilibrium point.
D Graph the pricesupply equation, pricedemand equation, and equilibrium point in the same coordinate system.
A The pricesupply equation is
Type an exact answer.
B The pricedemand equation is
Type an exact answer.
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.
A
B
c
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