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Question 3: The demand and supply functions of a two-commodity market model are as follows: Qa1 = 20 - 4P1 + 2P2 Qaz = 30

Question 3: The demand and supply functions of a two-commodity market model are as follows: Qa1 = 20 - 4P1 + 2P2 Qaz = 30 + 2P1 - 2P2 Qs1 = -4+ 6P1 Qs2 = -2 + 4P2 Find Pt and Qt (i = 1, 2). (Use fractions rather than decimals.)

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