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The demandand Supply functions for three goods ase givenasfallows: Dx = 100 -3 Px + Py + 3Pz Dy = 80+ Px - Dz = 120+3 Px -Py-4Pz 2 By - Pz Sx=-10+ Px Sy =-20+3Py Sz =-30+2Pz Detenmine the eaquilibrivmpricesand quantities a all three goods .

The demandand Supply functions for three goods ase givenasfallows: Dx = 100 -3 Px + Py + 3Pz Dy = 80+ Px - Dz = 120+3 Px -Py-4Pz 2 By - Pz Sx=-10+ Px Sy =-20+3Py Sz =-30+2Pz Detenmine the eaquilibrivmpricesand quantities a all three goods .

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Date: The demandand Supply functions for three goods axe givena s fallows: Dx = 100 - 3 Px t Py + 3 Pz 80+ Px - 2 Py - Pz Dy = Dz = 120+3 Px -Py -4Pz Sx=-10+ Px Sy =-20+3Py Sz =-30+ 2 Pz Determine the equilibriunm pricesand quantities ob all three goods. The government decides to: 25%. Eaxx on X 立 impose a SBs/umik tax on y impose a give a 10% subsidy Arcalyze the impact of each of m eauilibaiuma prsices and auantities· Also colculate changes im consumen Epproducen good z. these policiessepasately on -) surpluses and the amovnt of revenue earmed by the govermment Bepeat, this exencise when policies (a, b), (b,c)and laibic) are joimtly implemented. which policy chóice is best? why? Provide theositiral justificatiens (using diagtams)of all zesults ebtaimed
Transcribed Image Text:Date: The demandand Supply functions for three goods axe givena s fallows: Dx = 100 - 3 Px t Py + 3 Pz 80+ Px - 2 Py - Pz Dy = Dz = 120+3 Px -Py -4Pz Sx=-10+ Px Sy =-20+3Py Sz =-30+ 2 Pz Determine the equilibriunm pricesand quantities ob all three goods. The government decides to: 25%. Eaxx on X 立 impose a SBs/umik tax on y impose a give a 10% subsidy Arcalyze the impact of each of m eauilibaiuma prsices and auantities· Also colculate changes im consumen Epproducen good z. these policiessepasately on -) surpluses and the amovnt of revenue earmed by the govermment Bepeat, this exencise when policies (a, b), (b,c)and laibic) are joimtly implemented. which policy chóice is best? why? Provide theositiral justificatiens (using diagtams)of all zesults ebtaimed
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