Suppose there are only two goods - Food (F) and Shelter (S). The demand equations for these two goods depend on their prices, pf and ps as follows: DE(Pf.Ps) = 14 - 2,4pf - 1,3ps Ds(Pf.Ps) = 16 - 2,0pF - 3,7ps The supply curves depend only on their own prices: S(pf) = PF S(ps) = 8,0ps Determine the equilibrium price of shelter. Votre réponse: Réponse

Suppose there are only two goods - Food (F) and Shelter (S). The demand equations for these two goods depend on their prices, pf and ps as follows: DE(Pf.Ps) = 14 - 2,4pf - 1,3ps Ds(Pf.Ps) = 16 - 2,0pF - 3,7ps The supply curves depend only on their own prices: S(pf) = PF S(ps) = 8,0ps Determine the equilibrium price of shelter. Votre réponse: Réponse

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 21P

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Question

Suppose there are only two goods - Food (F) and Shelter (S). The demand equations
for these two goods depend on their prices, pf and ps as follows:
DE(PF.Ps) = 14 - 2,4pf - 1,3ps
Ds(PF.Ps) = 16 - 2,0pF - 3,7ps
The supply curves depend only on their own prices:
S(pf) = PF
S(ps) = 8,0ps
Determine the equilibrium price of shelter.
Votre réponse:
Réponse

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Question 1 Suppose there are only two goods - Food (F) and Shelter (S). The demand equations for these two goods depend on their prices, pf and ps as follows: DE(PF.Ps) = 19 - 2.2pf - 1.3ps Ds(PF.Ps) = 11 - 1.1pf - 3.0ps The supply curves depend only on their own prices: S(pf) = PF S(ps) = 7.8ps Determine the equilibrium price of shelter. Your Answer: Answer
Only typed answer and please answer correctly
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