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Find the equilibrium prices and quantities

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Reference no: EM13877544

The demand and supply function of two related goods are given by

Qd1 = 30 - 5P1 + 2 P2
Qs1 = -20 + 4 P1
Qd2 = 70 + 4 P1 - 4 P2
Qs2 = -10 + 2 P2

Find the equilibrium prices and quantities.

Reference no: EM13877544

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