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The table contains price-supply data and price-demand data for corn. Find a linear regression model for the price-supply data where x is supply (in
The table contains price-supply data and price-demand data for corn. Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars). Do the same for the price-demand data. Find the equilibrium price for corn. Find a linear regression model for the price-supply data where x is supply (in billions of bushels) and y is price (in dollars). y: (Type an equation using x as the variable. Round to two decimal places as needed.) Price ($/bu) Supply (billion bu) Price ($/bu) Demand (billion bu) 2.16 6.33 2.06 9.77 2.25 7.33 2.15 9.47 2,32 7.54 2.28 8.33 2.41 7.92 2.34 8.01 2.41 8.11 2.34 7.74 2.56 8.38 2,45 6.83
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