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Exercise 3.3 Find the equilibrium solution for each of the following madels (a) Qd = Qs Qd=3-P2 Qs = 6P-4 (b) Qd=Qs Qd=8-P2 Q5=P2-2

Exercise 3.3

Find the equilibrium solution for each of the following madels

(a) Qd = Qs

Qd=3-P2

Qs = 6P-4

(b) Qd=Qs

Qd=8-P2

Q5=P2-2

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