Question 106618
World grain demand. Freeport McMoRan projects that in 2010 world grain supply will be 1.8 trillion metric tons and the supply will only be 3/4 of world grain demand. What will world grain demand in 2010 be?
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Let demand in 2010 be x trillion metrix tons.
EQUATION:
1.8 tmt = (3/4)x
x = (4/3)1.8 tmt
x = 2.4 tmt
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Cheers,
Stan H.