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The demand and supply functions of a two-commodity market model are as follows: Qd1 = 18 - 3P 1 + P 2 Qd2 = 12 + P 1 - 2P 2 Qs1 = -2 + 4P 1 Qs2 = -2...

5. The demand and supply functions of a two-commodity market model are as follows: Qd1 = 18 – 3P 1 + P 2 Qd2 = 12 + P 1 – 2P 2 Qs1 = -2 + 4P 1 Qs2 = -2 + 3P 2 (a) Find Pi* and Qi* (i = 1, 2).

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