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ECO201 Homework

# ECO201 Homework - 3 2 2 Given the following model 20 20 75...

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ECO201 Homework 1 Group 1 1. Find the equilibrium Price (P*) and Quantity (Q*) from the following model- s d s d Q Q P Q P Q = + - = - = 3 5 2 10 2. Find the equilibrium Price (P*) and Quantity (Q*) for both commodities from the following model- 2 2 2 1 2 1 2 1 1 1 1 2 1 1 32 6 4 2 92 15 5 3 82 s d s d s d s d Q Q P Q P P Q Q Q P Q P P Q = + - = - + = = + - = + - = Group 2 1. Find the equilibrium Price (P*) and Quantity (Q*) from the following model- s d s d Q Q P Q P Q =
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Unformatted text preview: 3 2 2. Given the following model- 20 20 . , 75 . , 85 , 30 = = = = =-= + = + = + = T and t b C I T Y Y tY T T bY C C I C Y d d a. Find the endogenous variables. b. Find the equilibrium income (Y), consumption(C) and tax (T). c. What is the value of the national income multiplier?...
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