Table 16 contains price–supply data and price–demand data for corn. Find a linear regression model for the price–supply data where x is supply (in billions of bushels) and y is price (in dollars). Do the same for the price–demand data. (Round regression coefficients to two decimal places.) Find the equilibrium price for corn.

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Table 16 Supply and Demand for U.S. Corn Supply (billion bu) Price ($/bu) 2.15 2.29 2.36 2.48 2.47 2.55 6.29 7.27 7.53 7.93 8.12 8.24 Price ($/bu) 2.07 2.15 2.22 2.34 2.39 2.47 Demand (billion bu) 9.78 9.35 8.47 8.12 7.76 6.98