Question: This question: 4 point(s) possible Suppose that the demand curve for corn has the equation p = - 0.17q + 6.195 and the supply curve

This question: 4 point(s) possible Suppose that
This question: 4 point(s) possible Suppose that the demand curve for corn has the equation p = - 0.17q + 6.195 and the supply curve for corn has the equation p = 0.3q + 2.2, where p is the price per bushel in dollars and q is the quantity (demanded or produced) in billions of bushels. (a) Find the quantities supplied and demanded when the price of corn is $5.10 per bushel. (b) Determine the quantity of corn that will be produced and the price at which it will sell. (a) The quantity supplied when the price of corn is $5.10 is |billion bushels. (Round to the nearest whole number as needed.) The quantity demanded when the price of corn is $5.10 is |billion bushels. (Round to the nearest whole number as needed.) (b) The quantity that will be produced is |billion bushels. (Round to the nearest tenth as needed.) Determine the price at which it will sell. It will sell at $ (Round to the nearest cent as needed.)

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