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The demand and supply function of two related goods are given by Qd1 = 30 - 5P1 + 2 P2Qs1 = -20 + 4 P1Qd2 = 70 + 4 P1 - 4 P2Qs2 = -10 + 2 P2
Find the equilibrium prices and quantities.
Microeconomics, Economics
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