Question: 8. The demand and supply functions for two interdependent commodities are given by QD, = 100 2P, + P, 5+ 2P, , - Os,

8. The demand and supply functions for two interdependent commodities are given

8. The demand and supply functions for two interdependent commodities are given by QD, = 100 2P, + P, 5+ 2P, , - Os, = -10 + P, Os, = -5 + 6P, where Qp, Qs,and P, denote the quantity demanded, quantity supplied and price of good i, respectively. Determine the equilibrium price and quantity for this two-commodity model.

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