Given the following system of equations for two complementary goods, trousers t and jackets j, find the

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Given the following system of equations for two complementary goods, trousers t and jackets j, find the equilibrium price and quantity, using the elimination method.image text in transcribed

Setting Qs = Qd for the equilibrium in each market,image text in transcribed

This leaves two equations and two unknowns:image text in transcribed

Multiplying (4.36) by 8,image text in transcribed

Subtracting (4.37) from the other equation (4.35), which here involves changing the sign of every term in (4.37) before, in effect, adding them to (4.35),image text in transcribed

Substituting Pj = 75 in (4.35) or (4.36),image text in transcribedThen substituting Pj = 75, Pt = 40 in Qs or Qd for each market,image text in transcribed

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