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Let the supply and demand equations Qd = 9-P +P′+P′+3P′′ and Qs = -1+4P -P′+5P′′ with P(0) = 4 P′(0) = 4 (a) Find the price path, assuming that the market is at zeros for every instant of time. (b) Is the Time trajectory convergent?

Let the supply and demand equations Qd = 9-P +P′+P′+3P′′ and Qs = -1+4P -P′+5P′′ with P(0) = 4 P′(0) = 4 (a) Find the price path, assuming that the market is at zeros for every instant of time. (b) Is the Time trajectory convergent?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Let the supply and demand equations Qd = 9-P +P′+P′+3P′′ and Qs = -1+4P -P′+5P′′
with P(0) = 4 P′(0) = 4
(a) Find the price path, assuming that the market is at zeros for every
instant of time.
(b) Is the Time trajectory convergent? With fluctuation?

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