Question: The table contains price-supply data and price-demand data for com Find a linear regression model for Find a linear regression model for the price-supply data

The table contains price-supply data and
The table contains price-supply data and price-demand data for com Find a linear regression model for Find a linear regression model for the price-supply data where x is supply (in billions of bushels) the price-supply data where x is supply (in billions of bushels) and y is price (in dollars). Do the same for and y is price (in dollars) the price-demand data Find the equilibrium price for corn Price ($/ bu) Supply (billion bu) Price ($/ bu) y = Demand (billion bu) 2 19 6.49 2.07 (Type an equation using x as the variable. Round to two decimal places as needed.) 9.85 2.26 7.45 211 9.26 2.33 7.68 2.29 8.47 2.46 7.82 2.35 8.17 2 49 8 05 2 31 7 78 251 8 22 2.47 7.04

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