Given the demand and supply functions for three interdependent commodities:
Qd1= 45-2P1+2P2-2P3
Qd2= 16+2P1-P2+2P3
Qd3= 30-P1+2P2-P3
Qs1= -5+2P1
Qs2= -4+2P2
Qs3= -5+P3
Calculate the equilibrium price and quantity of the above three – commodity market
model.
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