Consider the market model Q S = 3P - 1 Q D = -2P + 9 dP/dt
Question:
Consider the market model
QS = 3P - 1
QD = -2P + 9
dP/dt = 0.5(QD - QS)
Find expressions for P(t), QS(t) and QD(t) when P(0) = 1. Is this system stable or unstable?
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In equilibrium dP dt 052P93P1 25P5 The complementary function is CF Ae25t ...View the full answer
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