Suppose products A and B have demand and supply equations that are related to each other If q, and qa are the quantities produced and sold of A and B. respectively, and pa and py are their respective prices, the table below shows the demand equations and the supply equations Eliminate qa and ay to get the equilibrium prices demand equations A3-PA * Po - 26+ PA"Ps supply equations A-5+ 4PA-3P -7-3PA + 4Pe The prices are paSand Pe (Round to the nearest cent as needed)

l. Suppose that the market for tea is described by demand and supply functions De = 100-5Pe+ 3Pe St= -10+ 2Pe And Market for Coffee : De= 120-8P. +2 Pe Scz-20+5 Pc Pe is price for tea. a). Are tea and coffee substitutes or complements b) Reduce the equation system in each market to one. equation by elimating the quantity variable. c) Express the two equation in ca) in mattix equation The first variatle vector is Pe. Pe is price for coffee, etc.

The following questions pertain to analysis of the supply and demand scenario derived from the schedules below: Candy Canes QD QS 20 2. 14 14 21 4 28 Create a graph of the supply and curves from this chart for use in your analysis. 19. What would be the result of a government-imposed price celling orn candy canes set at the price of 1 dollar? O a A surplus of candy canes would occur, and this is evident because of the quantity of candy canes supplied at the price of 1 dollar is much greater than the quantity of candy canes demanded. A shortage of candy canes would occur, and this is evident because the quantity of candy canes d is much greater than the quantity of candy canes supplied. There would be no result. The price ceiling is set above equilibrlum and is therefore not binding. O b ...

Hello Please answer all except A and B) Thanks   Mahboob