Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Equilibrium Analysis
Supply and Demand
Formulas
Qd1 = 18 - 3P1 + P2
Qs1 = -2 + 4P1
Qd2 = 12 + P1 - 2P2
Qs2 = -2 + 3P2
Theorems
Equilibrium Condition
Suitable Grade Level
Undergraduate (Economics/Mathematics)
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