Question
The tables to the right give price demand and price supply data for the sale of soybeans at a grain market where x is the
The tables to the right give price demand and price supply data for the sale of soybeans at a grain market where x is the number of bushels of soybeans in thousands of bushels and p is the price per bushel in dollars Use quadratic regression to model the price demand data and linear regression to model the price supply data Complete parts A and B below A Find the equilibrium quantity and equilibrium price The equilibrium quantity is thousand bushels Round to three decimal places as needed Price Demand p D x 6 64 6 54 6 45 6 38 6 35 X 0 10 20 30 40 Price Supply P S x 6 34 6 40 6 45 6 48 6 53 X 0 10 20 30 40
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