Question: The table 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

 The table contains price-supply data and price-demand data for corn. Finda linear regression model for the price-supply data where x is supply
(in billions of bushels) and y is price (in dollars). Do thesame for the price-demand data. Find the equilibrium price for corn. Price

The table 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. Find the equilibrium price for corn. Price ($ / bu) Supply (billion bu) Price ($ / bu) Demand (billion bu) 2.16 6.34 2.09 9.93 2.23 7.37 2.13 9.49 2.31 7.57 2.24 8.37 2.42 7.98 2.38 8.13 2.42 8.22 2.39 7.85 2.58 8.29 2.49 7.02Find a linear regression model for the pricedemand data where x is demand {in billions of bushels} and y is price [in dollars}. 5! = E [Type an equatien using it as the variable. Reund to two decimal places as needed.)

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