Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
please solve question 3
![If
you have demand function
2²=20-2P₁ + 3²₂ +4P3 +2y
when P₁ : price & good (1), and 12 and for the price of other goods
and y incom
A- Find reduce form when
1 = 1 and Pz₂ =
B- Find The slope demand function
2- If
You have
supply
P₂ =
2³.
function
= 3 y=100
30+4p₁-60 Pn
A- Find reduce supply function when Pn = 30
B. Find the slope of supply
function
3- from and find Equilibrium](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F838af69d-3a19-420a-bee5-abdb5aad8c35%2F1e728d87-8757-47dd-9d93-f407e3b4ecae%2Fw8i2exb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If
you have demand function
2²=20-2P₁ + 3²₂ +4P3 +2y
when P₁ : price & good (1), and 12 and for the price of other goods
and y incom
A- Find reduce form when
1 = 1 and Pz₂ =
B- Find The slope demand function
2- If
You have
supply
P₂ =
2³.
function
= 3 y=100
30+4p₁-60 Pn
A- Find reduce supply function when Pn = 30
B. Find the slope of supply
function
3- from and find Equilibrium
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