Suppose products A and B have demand and supply equations that are related to each other. If q, and qg are the quantities produced and sold of A and B, respectively, and PA and Pg are their respective prices, the table below shows the demand equations and the supply equations. Eliminate qA and qg to get the equilibrium prices. supply equations 9A = - 3+ 6PA - 2PB 9B = - 5- 2pA + 6pB demand equations 9A = 5 - PA + PB 98 = 22 + PA - PB ..... The prices are PA = $ and Pe = S (Round to the nearest cent as needed.)

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Suppose products A and B have demand and supply equations that are related
to each other. If q, and qp are the quantities produced and sold of A and B,
respectively, and paA and pg are their respective prices, the table below shows
the demand equations and the supply equations. Eliminate qa and q, to get the
equilibrium prices.
demand equations
9A = 5 - PA + PB
Яв 3 22 + РА - Рв
supply equations
9A = - 3+ 6PA - 2pB
9B = - 5- 2pA + 6pB
.....
The prices are PA = $|
and pe = S
(Round to the nearest cent as needed.)
Transcribed Image Text:Suppose products A and B have demand and supply equations that are related to each other. If q, and qp are the quantities produced and sold of A and B, respectively, and paA and pg are their respective prices, the table below shows the demand equations and the supply equations. Eliminate qa and q, to get the equilibrium prices. demand equations 9A = 5 - PA + PB Яв 3 22 + РА - Рв supply equations 9A = - 3+ 6PA - 2pB 9B = - 5- 2pA + 6pB ..... The prices are PA = $| and pe = S (Round to the nearest cent as needed.)
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