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Derive the formula for the structural coefficients

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Reference no: EM13891708

With reference to the demand-supply model in Problem

(a) determine if the demand and/or supply function is exactly identified, overidentified, or underidentified.

(b) Give a graphical interpretation of your answer to part a.

(c) Derive the formula for the structural coefficients from the reduced-form coefficients.

2036_Derive the formula for the structural coefficients.png         348_Derive the formula for the structural coefficients1.png

Reference no: EM13891708

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