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