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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 P2Qs2 = -40 + 6P2
Write the system in matrix form and solve for the equilibrium prices and quantities.
Microeconomics, Economics
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