Example 32. Given the following equation for two related markets A and B, find the equilibrium conditions for each market and the price for each market: xa (A) = 82 – 3pA + PB x4 (B) = 92 + 2pPA - 4PB denote quantity demanded and quantity supplied respectively. x, (A) = -5 + 15pA x, (B) = -6 + 32PB, where x. and
Example 32. Given the following equation for two related markets A and B, find the equilibrium conditions for each market and the price for each market: xa (A) = 82 – 3pA + PB x4 (B) = 92 + 2pPA - 4PB denote quantity demanded and quantity supplied respectively. x, (A) = -5 + 15pA x, (B) = -6 + 32PB, where x. and
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 44E
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Question
![Example 32. Given the following equation for two related markets A and B, find
the equilibrium conditions for each market and the price for each market:
► 15PA
x, (A) = 82 – 3pA
х, (В) %3D 92 + 2pд — 4p;
+ PB
x, (A) = -5 +
x, (B) = -6 + 32P,
B'
where
and
denote quantity demanded and quantity supplied respectively.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F64a7f553-9f71-4671-ad02-5366fc01f65a%2F8c291bd2-34bd-46b9-9292-a672e7c8c5f3%2Fdzcc6wf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Example 32. Given the following equation for two related markets A and B, find
the equilibrium conditions for each market and the price for each market:
► 15PA
x, (A) = 82 – 3pA
х, (В) %3D 92 + 2pд — 4p;
+ PB
x, (A) = -5 +
x, (B) = -6 + 32P,
B'
where
and
denote quantity demanded and quantity supplied respectively.
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