Problem
Supply and demand At a price of 10.50 USD per box of banana the supply is 470,000 boxes, and the demand is 550,000 boxes. At a price of 12.20 USD/box the supply is 590,000 boxes and the demand is 490,000 boxes.
1. Find a price supply equation of the form p = mx + b, where p is Finite Mathematics, Thirteenth Colition the price in USD and x is the corresponding supply in thousands of boxes.
2. Find a price demand equation of the form p = mx + b, where p the price in USD and x is the corresponding demand in thousands of boxes.
3. Graph the price supply and price demand equations in the same coordinate system and find their point of intersection.