Question: Find the possible equilibrium price structures when the input-output matrices are: [ 0.1 0.2 0 0.6 0.2 0.3 0.3 0.6 0.4 ] Then solve p
Find the possible equilibrium price structures when the input-output matrices are:
[ 0.1 0.2 0
0.6 0.2 0.3
0.3 0.6 0.4 ]
Then solve p = Ep + d or ( I - E )p = d
where d = [ 6
3
6 ]
Note: There is arrow above d on d = [ 6...
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
