The amount S, in billions of bushels, that a country is willing to supply depends on the price P, in dollars per bushel, of wheat.  The relationship  is

.

?

The demand D, in billions of bushels, is the quantity of wheat that customers will buy at a price of P dollars per bushel.  The relationship is

.

?

A: Solve the latter equation for D and so express the demand as a function of the price P.B: The equilibrium price is the price at which supply and demand are the same.  Find the equilibrium price.



What will be an ideal response?


A:

?

B: 4.26 dollars per bushel


Mathematics

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