Multiple Choice
Find the correlation coefficient.
-Let the supply and demand functions for raspberry-flavored licorice be given by
where is the price in dollars and 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.
A)
B)
C)
D)
Correct Answer:

Verified
Correct Answer:
Verified
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