00:01
So as a hit in the future, it's really not a good idea to cut and paste into numerate because, unfortunately, it just doesn't cut and paste very well.
00:12
Instead, what you want to do is you want to take pictures and upload pictures instead of cutting and pasting.
00:19
Because unfortunately, we get these things that are quite difficult for us to read.
00:24
So i'll do my best.
00:26
I think i know what this is.
00:27
So the supply is p equals 1 .57 plus 0 .000 .012x squared.
00:40
That's my supply function.
00:42
And my demand function, i believe, is 2 .368.
00:48
I believe this thing here is intended to be a minus sign, minus 0 .006x.
00:55
And then i think that whole thing is being.
00:58
Squared, where p is the price in dollars per bushel, and x is the quantity in bushels per day.
01:06
We're going to use a graphing calculator to graph our supply and demand equations and find the market equilibrium, and that's the point of intersection.
01:17
So let's see here.
01:18
Let's go to our calculators, and in y1, i'm going to put that first equation, 1 .57 plus, i'm going to get rid of all of this, 1 .57, and then it's plus we have 0 .000, 0 .000, 1 2x squared, and in y2, i've got the quantity of 2 .368 minus 0 .006x, and that guy is being squared.
02:00
And so we're definitely have to zoom out.
02:03
In order to see where these intersect...