a) Qd=410-5Ps-2Pj Qs=-60+3Ps b) Qd=295-Ps-3Pj Qs=-120+2Pj

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
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Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 16SQ
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Find the equilibrium price and quantity for two complementary goods slacks and jackets using elimination method.

a) Qd=410-5Ps-2Pj

Qs=-60+3Ps

 

b) Qd=295-Ps-3Pj

Qs=-120+2Pj

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