Write the system in matrix form and solve for the
The demand and supply functions of two related goods are given by Qd1 = 30 - 8P1 + 4 P2Qs1 = -60 + 6P1Qd2 = 200 + 4 P1 - 4 P2Qs2 = -40 + 6P2
Write the system in matrix form and solve for the equilibrium prices and quantities.
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the demand and supply functions of two related goods are given by qd1 30 - 8p1 4 p2qs1 -60 6p1qd2 200 4 p1 - 4
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