b) The demand and supply expressions for products 1 and 2 are: Demand p1 = 5687 – 23.5q1 – 18.8q2 p2 = 4624.8 – 9.4q1 – 23.5q2 Supply p1 = 423 + 9.4q1 + 14.1q2 p2 = 564 + 4.7q1 + 18.8q2 Find the prices (in Tk) and quantities (in kg) at equilibrium.

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Chapter1: Functions And Models
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b) The demand and supply expressions for products 1 and 2 are:

 

 

 

Demand

p1 = 5687 – 23.5q1 – 18.8q2

p2 =   4624.8 – 9.4q1 – 23.5q2

Supply

p1 =   423 + 9.4q1 + 14.1q2

p2 = 564 + 4.7q1 + 18.8q2

 

 

 

 

    Find the prices (in Tk) and quantities (in kg) at equilibrium.

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