Find the Correlation Coefficient $p=S(q)=\frac{5}{4} q \quad \text { and } p=D(q)=90-\frac{5}{4} q \text {, }$

question 99

Multiple Choice

Find the correlation coefficient.
-Let the supply and demand functions for raspberry-flavored licorice be given by
$p=S(q) =\frac{5}{4} q \quad \text { and } p=D(q) =90-\frac{5}{4} q \text {, }$

where $\mathrm{p}$ is the price in dollars and $\mathrm{q}$ is the number of batches. Graph these functions on the same axes (graph the supply function as a dashed line and the demand function as a solid line) . Also, find the equilibrium quantity and the equilibrium price.

---

Definitions:

Bernie Madoff

A financier who orchestrated one of the largest Ponzi schemes in history, defrauding thousands of investors.

American Economy

The economic system of the United States characterized by free-market capitalism, a high level of technological innovation, and a significant global trade presence.

Lehman Brothers

An American global financial services firm that filed for bankruptcy in 2008, marking the largest bankruptcy filing in U.S. history and significantly contributing to the global financial crisis.

Voting Rights Act of 1965

A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting.