Question: he demand functions for Upper Q 1 Q 1 and Upper Q 2 Q 2 are Upper Q 1 Q 1 equals = 1 0

he demand functions for
Upper Q 1Q1
and
Upper Q 2Q2
are
Upper Q 1Q1equals=1010minus88p 1p1plus+44p 2p2
and
Upper Q 2Q2equals=7070minus88p 2p2plus+44p 1p1,
and there are
22
units of
Upper Q 1Q1
and
22
units of
Upper Q 2Q2.
What is the general equilibrium?
Part 2
The
general equilibrium
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is where
p 1p1equals=$enter your response here
and
p 2p2equals=$enter your response here.
(Enter numeric responses using real numbers rounded to two decimal places.)

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