Question
The demand functions for two goods depend on the prices of Good 1 and Good 2, p and p2. = Q 30-6p+2p2 Q2 =
The demand functions for two goods depend on the prices of Good 1 and Good 2, p and p2. = Q 30-6p+2p2 Q2 = 12-4p2+2p but each supply curve depends on only its own price: Q =4+4p1 Q2=2+4p2 The equilibrium prices are p = $ and p2 = $. (Enter numeric responses using real numbers rounded to two decimal places.)
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Get StartedRecommended Textbook for
Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
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