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(b) You are given the following demand and supply functions (, B. , 8 > 0) i. Assuming that the rate of change of price overtime is directly proportional to the excess demand find the time path p general solution and definite solution ii. What is the intertemporal equilibrium price? ii. State the role of the complementary function and particular integral in relation to the equilibrium.

(b) You are given the following demand and supply functions (, B. , 8 > 0) i. Assuming that the rate of change of price overtime is directly proportional to the excess demand find the time path p general solution and definite solution ii. What is the intertemporal equilibrium price? ii. State the role of the complementary function and particular integral in relation to the equilibrium.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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(b) You are given the following demand and supply functions (. B. , 8 > 0) i. Assuming that the rate of change of price overtime is directly proportional to the excess demand find the time pathp general solution and definite solution 11. What is the intertemporal equilibrium price? 111. State the role of the complementary function and particular integral in relation to the equilibrium.
Transcribed Image Text:(b) You are given the following demand and supply functions (. B. , 8 > 0) i. Assuming that the rate of change of price overtime is directly proportional to the excess demand find the time pathp general solution and definite solution 11. What is the intertemporal equilibrium price? 111. State the role of the complementary function and particular integral in relation to the equilibrium.
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