Question: Given the following demand and supply functions for two competing products. Qd1 =82-3p1 + p2; Qs1 = 15p1-5; Qd2 = 92 + 2p1 - 4p2;

Given the following demand and supply functions for two competing products.

Given the following demand and supply functions for two competing products. Qd1 =82-3p1 + p2; Qs1 = 15p1-5; Qd2 = 92 + 2p1 - 4p2; Qs2 = 32p2-6 Determine whether there are prices which bring the supply and demand levels into equilibrium for the two products. If so, what are the equilibrium quantities

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