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The quantity R of rice (in billions of bushels) that rice suppliers in a certain country are willing to produce in a year and offer
The quantity R of rice (in billions of bushels) that rice suppliers in a certain country are willing to produce in a year and offer for sale at a price P (in dollars per bushel) is determined by the relation P = 3R - 2 The quantity T' of rice (in billions of bushels) that rice consumers are willing to purchase in a year at price P is determined by the relation P=9-T The equilibrium price is the price at which the quantity supplied is the same as the quantity demanded. Find the equilibrium price for rice. (Give an exact answer. Use symbolic notation and fractions where needed.) equilibrium price: dollars per bushelDetermine whether the relationship described is a proportionality relationship. If sodas cost $0.81 each, is the amount of money we spend on sodas proportional to the number we buy? yes O no If the relationship is a proportionality relationship, identify the constant of proportionality. Enter DNE if the relationship described is not proportional. constant of proportionality
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