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6. Supply and demand analysis can also involve more than two markets. Find the equilibrium price and quantity for the three substitute goods below. Qd1
6. Supply and demand analysis can also involve more than two markets. Find the equilibrium price and quantity for the three substitute goods below. Qd1 = 45 - 5P1 + P2 + P3 Qd2 = 15 + P1 - 3P2 + 2P3 Qd3 = 19 + P1 - 3P2 - 4P3 Qs1 = - 8 + 6P1 Qs2 = - 10 + 3P2 Qs3 = - 5 + 3P3
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