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The demandand Supply functions for three goods ase givenasfallows: Dx = 100 -3 Px + Py + 3Pz Dy = 80+ Px - Dz = 120+3 Px -Py-4Pz 2 By - Pz Sx=-10+ Px Sy =-20+3Py Sz =-30+2Pz Detenmine the eaquilibrivmpricesand quantities a all three goods .

The demandand Supply functions for three goods ase givenasfallows: Dx = 100 -3 Px + Py + 3Pz Dy = 80+ Px - Dz = 120+3 Px -Py-4Pz 2 By - Pz Sx=-10+ Px Sy =-20+3Py Sz =-30+2Pz Detenmine the eaquilibrivmpricesand quantities a all three goods .

MACROECONOMICS
MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
Problem 3TY
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Date: The demandand Supply functions for three goods axe givena s fallows: Dx = 100 - 3 Px t Py + 3 Pz 80+ Px - 2 Py - Pz Dy = Dz = 120+3 Px -Py -4Pz Sx=-10+ Px Sy =-20+3Py Sz =-30+ 2 Pz Determine the equilibriunm pricesand quantities ob all three goods. The government decides to: 25%. Eaxx on X 立 impose a SBs/umik tax on y impose a give a 10% subsidy Arcalyze the impact of each of m eauilibaiuma prsices and auantities· Also colculate changes im consumen Epproducen good z. these policiessepasately on -) surpluses and the amovnt of revenue earmed by the govermment Bepeat, this exencise when policies (a, b), (b,c)and laibic) are joimtly implemented. which policy chóice is best? why? Provide theositiral justificatiens (using diagtams)of all zesults ebtaimed
Transcribed Image Text:Date: The demandand Supply functions for three goods axe givena s fallows: Dx = 100 - 3 Px t Py + 3 Pz 80+ Px - 2 Py - Pz Dy = Dz = 120+3 Px -Py -4Pz Sx=-10+ Px Sy =-20+3Py Sz =-30+ 2 Pz Determine the equilibriunm pricesand quantities ob all three goods. The government decides to: 25%. Eaxx on X 立 impose a SBs/umik tax on y impose a give a 10% subsidy Arcalyze the impact of each of m eauilibaiuma prsices and auantities· Also colculate changes im consumen Epproducen good z. these policiessepasately on -) surpluses and the amovnt of revenue earmed by the govermment Bepeat, this exencise when policies (a, b), (b,c)and laibic) are joimtly implemented. which policy chóice is best? why? Provide theositiral justificatiens (using diagtams)of all zesults ebtaimed
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