Question:
The tables to the right give price demand and price supply
Last updated: 12/10/2023
The tables to the right give price demand and price supply data for the sale of soybeans at a grain market where x is the number of bushels of soybeans in thousands of bushels and p is the price per bushel in dollars Use quadratic regression to model the price demand data and linear regression to model the price supply data Complete parts A and B below A Find the equilibrium quantity and equilibrium price The equilibrium quantity is thousand bushels Round to three decimal places as needed GIIB Price Demand X 0 10 20 30 40 Price Supply p S x 6 33 6 39 p D x X 6 60 0 6 51 10 6 45 20 6 43 30 6 40 40 6 44 6 51 6 54