please solve question 3 Ifyou have demand function2²=20-2P₁ + 3²₂ +4P3 +2ywhen P₁ : price & good (1), and 12 and for the price of other goodsand y incomA- Find reduce form when1 = 1 and Pz₂ =B- Find The slope demand function2- IfYou havesupplyP₂ =2³.function= 3 y=10030+4p₁-60 PnA- Find reduce supply function when Pn = 30B. Find the slope of supplyfunction3- from and find Equilibrium

The demand function: Where The supply function: At the equilibrium price,, 99, 254); position:…

Answered: 3- from and find Equilibrium

Business

Economics

3- from and find Equilibrium

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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