Question: Table 18 contains price-supply data and price-demand data for soybeans. Find a linear regression model for the price-supply data where x is supply (in billions

Table 18 contains price-supply data and price-demand data for soybeans. 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 soybeans.
Table 18 supply and Demand for U.S Soyabeans

Supply Demand Price ($/bu 5.15 5.79 5.88 6.07 6.15 6.25 (billion bu) Price (S/bu) (billion bu) 1.55 186 1.94 2.08 2.15 2.27 4.93 5.48 5.71 6.07 6.40 6.66 2.60 2.40 2.18 2.05 1.95 1.85

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