Find a price-demand equation

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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

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