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The equilibrium prices of three interdependent commodities are given by the system: P + 3p + 3p3 = 32 P+ 4p + 3p3 =

The equilibrium prices of three interdependent commodities are given by the system: P + 3p + 3p3 = 32 P+ 4p + 3p3 = 37 P + 3p2 + 4p3 = 35 a) Rewrite the equation system in the format Ax = d. b) Use the coefficient matrix. to test the rank of the system and whether the system has a solution.

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