Question

2. The Demand and Supply functions of a two-commodity market are as follows Qa1 12- 3P+ P2 Qs1-2+4P1 Qa2 = 12 + P1-2P2 Qs2-3 +4P2 i. FindPi and Qi (i=1,2) [ Use fractions instead of Decimals] i. Determine whether the equilibrium

Answer 1

Step-by-step explanation:

2x+3;x;9−3x

2x+3;x;3x−9

x;2x+3;3x−9

2(x+3);x;9−3x