Roock O.

asked • 03/29/16

linear equations

at $0.43 per bushel, the daily supply for wheat is 338 bushels, and the daily demand is 580 bushels. When the price is raised to $0.94 per bushel, the daily supply increases to 508 bushels, and the daily demand decreases to 70 bushels. Assume that the price-supply and price-demand equations are linear.

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