I only need help with part D, but add the other parts of the question to give complete information so my question would not be rejected. At the price of $2.28 per bushel, the supply of barley is 7,500...


I only need help with part D, but add the other parts of the question to give complete information so my question would not be rejected.


At the price of $2.28 per bushel, the supply of barley is 7,500 million bushels and the demand is 7,900 million bushels. At a price of $2.37 per bushel, the supply is 7,900 million bushels and the demand is 7,800 million bushels.



  1. Find the price-supply equation of the p= mx+b.

  2. Find the price demand equation of the form p= mx +b.

  3. Find the equilibrium point.

  4. Graph the price-supply equation, the price-demand equation, and the equilibrium point in the same coordinate system.



Jun 04, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here