The equilibrium conditions for two substitute goods are given below:
5P1 – 2P2 = 15 and –P1 + 8P2 = 16
Find the equilibrium prices of the to goods.
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The equilibrium conditions for two substitute goods are given below: 5P1 – 2P2 = 15 and –P1 + 8P2 = 16 Find the equilibrium prices of the two goods.
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