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Suppose a company called GlacierTech produces glasses for smart phones and possess a market share of 25%. The market demand Q, and market supply Q,

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Suppose a company called GlacierTech produces glasses for smart phones and possess a market share of 25%. The market demand Q, and market supply Q, are both linear functions in market price P given by: Qa = -3P+ 100, and Qs =2P -40. (1) Suppose that market clearing can be reached expressed as Q, = Q1, and that market demand/supply is a linear function of GlacierTech's supply Q (which is your job to specify). Hence, the price P and GlacierTech's supply Q satisfies a system of linear equations in matrix form given by 100 A 40 where A is a 2 x 2 coefficient matrix you need to work out. Specify the relation between Q: (hence @,) and Q, and write down the values of matrix A without any further explanation

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