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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 1 Qd

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

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

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

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

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