Question

Q3. Two commodity market model,
Qd1 - 15-2P1
+3P2
Qd2= 12 +4P1-12P2
Qs1= -5 + 4P1 , QS2 = - 20+3P2
Find Equilibrium Price and Quantity in
each material- using Cramer's
rule.

Answer 1

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