The table contains price supply data and rice demand data

Last updated: 1/28/2023

The table contains price supply data and rice demand data for corn Find a linear regression model for the price supply data where x is supply in illions of bushels and y is price in dollars Do the ame for the price demand data Find the equilibrium rice for corn Price Supply bu billion bu 2 14 2 24 2 37 2 48 2 47 2 56 6 37 7 43 7 55 7 85 8 13 8 28 Price bu 2 06 2 12 2 27 2 33 2 31 2 41 Demand billion bu 9 94 9 43 8 37 8 11 7 89 6 93 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