Find a price-demand equation

Reference no: EM13178741

At a price of $1.94 per bushel, the supply of corn is 9800 million bushels and the demand is 9300 million bushels. At a price of $1.82 per bushel the supply is 9400 million bushels and the demand is 9500 million bushels.

(a) Find a price-demand equation (of the form p = mx + b).
(b) Find a price-supply equation (of the form p = mx + b).

Reference no: EM13178741

Questions Cloud

Find the x-coordinate of the absolute maximum for function : Find the x-coordinate of the absolute maximum for the function f(x)=(3+9ln(x))/x x>0

Find out whether or not it is chiral : determine whether or not it is chiral and specify the absoute configuration of any chiral carbons

Correlation exists between sample size-degree of confidence : A __________ correlation exists between sample size and the degree of confidence we can have in our results.

What is the mean value of the one trial of this game : What is the mean value of the one trial of this game?

Find a price-demand equation : At a price of $1.94 per bushel, the supply of corn is 9800 million bushels and the demand is 9300 million bushels. At a price of $1.82 per bushel the supply is 9400 million bushels and the demand is 9500 million bushels.

How many extra miles are you traveling to reach destination : Assuming that both roads on the detour are straight, how many extra miles are you traveling to reach your destination?

Issues of terrorism-globalization and ecological crisis : How do philosophers Simone Weil and Ernest Becker's philosophical ideas, relate to the issues of terrorism, globalization, and ecological crisis? How can their ideas help us to formulate solutions to the problems that face the world today?(Subject:Hu..

What is the weight percent concentration of sodium carbonate : What is the weight percent concentration of sodium carbonate in your unknown if it takes 37.25 mL of 0.1018 M hydrochloric acid to reach the second equivalence point of the titration

Development of theory of auditing : Summarize the relevant literature, findings and conlcusions of this article and how it furthers the development of theory in this important area of auditing. (if you use any reference please include them.

User Account

All Pages