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.

Question

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.

Quizplus · Accepted Answer

The Answer of  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.

Find the Correlation Coefficient p=S(q)=54q and p=D(q)=90−54q, p=S(q)=\frac{5}{4} q \quad \text { and } p=D(q)=90-\frac{5}{4} q \text {, }p=S(q)=45​q and p=D(q)=90−45​q,

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