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Emmanuel Antwi Emmanuel Antwi
wrote...
Posts: 1
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2 years ago
 Suppose there are only two goods – Food (F) and Shelter (S). The demand equations for these two goods depend on their prices, pF and pS as follows:

DF (pF, pS) = 10 – 2pF – pS

DS (pF, pS) = 10 – pF – 2pS

The supply curves depend only on their own prices:

SF (pF) = pF

SS (pS) = 5pS

Determine the equilibrium price and quantity of these goods.
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Anonymous
wrote...
#1
2 years ago
Hi Emmanuel,

I found a similar question with its solution.



And the solution:



Does that help?
wrote...
#2
2 years ago
Answer is here: https://biology-forums.com/index.php?topic=807891.0
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