Assume a demand equation:\

Q_(d)=9-0.1p-p_(c)+0.01p_(s)+0.0001Y

\ and a supply equation:\

Q_(S)=0.1p-0.02p_(i)+0.01N+0.01T-0.1w

\ where\

p=

price of the good\

p_(c)=

price of a complement

=$3

\

p_(s)=

price of a substitute

=$200

\

Y=

consumer income

=$60,000

\ If the price is

$85

, there will be an units.\

Q=

quantity in thousands 0\

p_(i)=

price of an input

=$451

\

N=

number of firms

=700

\

T=

index of technology

=31

\

w=

wage rate

=$30

of thousand

Assume a demand equation: Qd=90.1ppc+0.01ps+0.0001Y and a supply equation: QS=0.1p0.02pi+0.01N+0.01T0.1w where p= price of the good pC= price of a complement =$3 pS= price of a substitute =$200 Y= consumer income =$60,000 If the price is $85, there will be an of thousand units. Q= quantity in thousands 0 pi= price of an input =$451 N= number of firms =700 T= index of technology =31 w= wage rate =$30