Question

2. The equilibrium condition for the three related markets is given as

11p, - p. -p, = 31

-P. + 6p2-2p, = 26

-p. - 2p, + 7p, =24

Solve using matrix inversion and find the equilibrium price for each market.​

Answer 1

Answer:

tep-by-step videos

MAT 280 TAPE 38 Diagonalization - Dr. R. Maynard

YouTube • Greg Janczak

34:33

Problem solved

We will show that A & B have the same characteristic pofynomial and hence the sne eigenvalues. 12.1-B] = 12.1-P

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