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...

Explain it correctly

Extracted text: 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.) Find a linear regression model for the price-demand data where x is demand (in billions of bushels) and y is price (in dollars). (Type an equation using x as the variable. Round to two decimal places as needed.) Find the equilibrium price for corn Select the correct choice below and fill in any answer boxes present in your choice. O A. y=S (Round the final answer to two decimal places as needed. Round all intermediate values to two decimal places as needed.) O B. There is no solution


Extracted text: able 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 els) and y is price (in dollars). Do the same for the price-demand data. Find the equilibrium price for con. Price (S/bu) 2. 16 Supply (billion bu) 6.41 7.36 7.68 7.87 Price (S/ bu) Demand (billion bu) 9.86 9.48 8.42 8.13 7.88 6.92 2.05 2.29 2.12 2.39 2.46 2.44 2.55 2.27 2.33 2.34 2.42 8.12 8.37