Question: Suppose in a two commodity market model, supply and demand functions are given as Follows; Required (i) Explain the relationship between the two commodities-giving valid

Suppose in a two commodity market model, supply and demand functions are given as Follows;Qs1 = -10 + 30 P Qs2 = -12 + 64 P 

Required 

(i) Explain the relationship between the two commodities-giving valid economic reasons.

(ii) Using the functions provided, calculate the equilibrium values of prices and quantities.

Qs1 = -10 + 30 P Qs2 = -12 + 64 P Q1 = 164 - 6 P + 2 P Qd2 184 +4 P-8 P2 =

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