Given the demand nda supply functions for three inter-dependent commodities  QD1 = 45-2P1 + 2P2 -2P3 QD2 = 16+2P1+P2+2P3 QD3 = 30- P1+2P2-P3  and QS1 = -5+2P1 QS2 = -4 + 2P2 QS3 = -5 + P3 respectively. Find the equilibrium prices and quantities of this three - commodity market model.

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A: please find below the answers.

Q: Consider the demand function for processed pork in Canada, Q= 171- 20p + 20p, + 3p, +0.002Y where Q…

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…