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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

An Economist Models the Market for Rice by the Following