How to use Cramers rule in this is this situation. Help!!!

Watch
farid1996
Badges: 1
Rep:
?
#1
Report Thread starter 4 years ago
#1
Original question find price of p1 and p2
the following are the demand functions
Q1=40-2P1+P2
Q2=15+P1-P2
Rewritten as:
-2p1+p2=Q1-40
p1-p2=Q2-15

using cramer rule this become p1 and p2 but i don't get how?
p1=55-Q1-Q2
P2=70-Q1-2Q2
0
reply
DFranklin
Badges: 18
Rep:
?
#2
Report 4 years ago
#2
Well, try using cramers rule and see what you get...
0
reply
Scary
Badges: 13
Rep:
?
#3
Report 4 years ago
#3
(Original post by farid1996)
Original question find price of p1 and p2
the following are the demand functions
Q1=40-2P1+P2
Q2=15+P1-P2
Rewritten as:
-2p1+p2=Q1-40
p1-p2=Q2-15

using cramer rule this become p1 and p2 but i don't get how?
p1=55-Q1-Q2
P2=70-Q1-2Q2
what did you calculate for your determinants?
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Have you made your mind up on your five uni choices?

Yes, and I've sent off my application! (215)
56.43%
I've made my choices but havent sent my application yet (50)
13.12%
I've got a good idea about the choices I want to make (44)
11.55%
I'm researching but still not sure which universities I want to apply to (33)
8.66%
I haven't started researching yet (23)
6.04%
Something else (let us know in the thread!) (16)
4.2%

Watched Threads

View All
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise