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An Economist Models the Market for Rice by the Following

question 15

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An economist models the market for rice by the following equations. An economist models the market for rice by the following equations.   Let p represent the price per bushel (in dollars)  and y represent the number of bushels produced and sold (in millions) . Use the model for demand to determine at what point is the price so high that no rice is sold. A)  When the price of rice is $8.42 per bushel. B)  When the price of rice is $0.32 per bushel. C)  When the price of rice is $221.58 per bushel. D)  When the price of rice is $0.04 per bushel. E)  When the price of rice is $5.32 per bushel. Let p represent the price per bushel (in dollars) and y represent the number of bushels produced and sold (in millions) . Use the model for demand to determine at what point is the price so high that no rice is sold.

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