Find the values of endogenous variables using both substitution and elimination techniques. 3. Qa1 = 10...

Transcribed Image Text:

Find the values of endogenous variables using both substitution and elimination techniques. 3. Qa1 = 10 – 2P1 + P2 + P3 ; Qs1 = -1+ 8P, Qd2 = 20 + P1 – 2P2 ; Qs2 = -2 + 6P2 = - 6+3P3 Qаз — 15 + ЗР, — 2P3 ; Qsз 3— 6 + ЗР3 Find the values of endogenous variables using both substitution and elimination techniques. 3. Qa1 = 10 – 2P1 + P2 + P3 ; Qs1 = -1+ 8P, Qd2 = 20 + P1 – 2P2 ; Qs2 = -2 + 6P2 = - 6+3P3 Qаз — 15 + ЗР, — 2P3 ; Qsз 3— 6 + ЗР3

Answer rating: 100% (QA)

Please see the answer as attachment At equilibrium Qdn Q... View the full answer