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

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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.
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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