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4. The following information is given for three interrelated markets. Use solver to find the set of market clearing prices in each market and fill
4. The following information is given for three interrelated markets. Use solver to find the set of market clearing prices in each market and fill in the table below. (15 points) Supply equations: Q1=12P-48 Q,=8P,-5 Q3=6P3 -20 Demand Equations: Q1 =- 2P + P2 + P3 + 24 Q2 = P - 3P + P; + 23 Q; =P + 2P, - 3P3 +18 P1 Q Q P 3
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
