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Assume three markets and solve for the price that generates market clearing in all three markets simultaneously. Market 1:Q s = -5 +2P 1Qd =

Assume three markets and solve for the price that generates market clearing in all three markets simultaneously.

Market 1:Qs= -5 +2P1Qd = 15 -2P1- 3P3

Market 2:Qs = 6 + 2P2Qd = 30 - 3P2-2P3

Market 3:Qs = 15 + 7P3 Qd = 25 -2P1+3P2- 4P3

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