Question: 2. Given: Qd=Qs Qd=5-2p2 Qs= -1+3p Solve for the equilibrium quantity and price. 3. Given: Qd1= 82-3P1+P2 Qs1= -5+15 P1 Qd2= 92 +2P1-4P2 Qs2= -6+32P2

2. Given: Qd=Qs Qd=5-2p2 Qs= -1+3p Solve for the equilibrium quantity and price. 3. Given: Qd1= 82-3P1+P2 Qs1= -5+15 P1 Qd2= 92 +2P1-4P2 Qs2= -6+32P2 Solve for the equilibrium quantities (Q1 and Q2) and equilibrium prices (P1 and P2) Equilibrium-National Income Model 4. Given: Y = C+I+G C= a+b(Y-T) G=BY Where Y-National Income, C-Consumption, I-Investment, G-Government G#g Solve for the equilibrium levels of Y, C and G

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