The demand and supply functions of a good are given by P + 4Q D = 61

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The demand and supply functions of a good are given by
P + 4Q_D = 61
3P − Q_S = 14
Find the equilibrium price and quantity using
(a) the inverse matrix method;
(b) Cramer’s rule.

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Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 10:15 AM

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The demand and supply functions of a good are given by P + 4Q D = 61

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