Qd = 1000 -30*P -0.05*Y + 1*PB %3D Qs = 20 + 10*P -3*W Variable definitions: Qd = quantity demanded of good A; Qs = quantity supplied of good A; P = price of good A; Y=income of the consumer = 1,000; P3 = price of good B = 10; W = wage rate = 20 %3D

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