Question:
The supply and demand curves for a business dealing with
Last updated: 7/12/2022
The supply and demand curves for a business dealing with wheat are Supply: p= 1.45 +0.00014x² Demand: p= (2.373 -0.007x)² where p is the price in dollars per bushel and x is the quantity in bushels per day. Use a graphing utility to graph the supply and demand equations and find the market equilibrium. (The market equilibrium is the point of intersection of the graphs for x > 0. Round your answers to two decimal places.)