Answer to Question #248572 in Economics for hurricane

Question

The market for a certain good is expressed as; 𝑄𝑠 = 𝛼0 − 𝛼1𝑃𝑡 + 𝛼2𝑋𝑡 + 𝑈1𝑡 𝑄𝑑 = 𝛽0 − 𝛽1𝑃𝑡 + 𝑈2𝑡 𝑄𝑠 = 𝑄𝑑 = 𝑄𝑡 4 Where 𝑄𝑠 and 𝑄𝑑are quantity supply and demand respectively. Derive the reduced form equation of 𝑄𝑡 

Answer 1

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