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Solve the equilibrium prices and quantities of given quesion

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Reference no: EM13876600

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

Qd1 = 30 - 8P1 + 4 P2
Qs1 = -60 + 6P1
Qd2 = 200 + 4 P1 - 4 P2
Qs2 = -40 + 6P2

Write the system in matrix form and solve for the equilibrium prices and quantities.

Reference no: EM13876600

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