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.

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