Answer to Question #283220 in Microeconomics for Piya

Question #283220

P1 = 32 − 2Q1

P2 = 22 − 0.5Q2

Expert's answer

"\\begin{cases}\n P=32-2Q, \\\\\n P=22-0.5Q,\n\\end{cases}"

"32-2Q=22-0.5Q,"

"10=1.5Q,"

"Q_1=Q_2=6.67,"

"P_1=P_2=18.67."

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