Math Problem Statement
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Solution
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Math Problem Analysis
Mathematical Concepts
Quadratic Regression
Linear Regression
Equilibrium Point
Formulas
Quadratic equation: ax^2 + bx + c
Linear equation: y = mx + b
Equilibrium point where demand equals supply: D(x) = S(x)
Theorems
Least Squares Method
Linear Regression Theorem
Suitable Grade Level
College Level
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