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The supply and demand curves for a business dealing with wheat are Supply: p = 1.61 + 0.00018 x 2 Demand: p = (2.333 0.009
The supply and demand curves for a business dealing with wheat are
Supply: p = 1.61 + 0.00018x2
Demand: p = (2.333 0.009x)2
where p is the price in dollars per bushel and x is the quantity in bushels per day. Use a graphing utility to graph the supply and demand equations and find the market equilibrium. (The market equilibrium is the point of intersection of the graphs for
x > 0.
Round your answers to two decimal places.)
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