The question i'm currently grappling with in relation to market equilibrium is:
(a0-b0)+(a1-b1)p1+(a2-b2)p2 = 0 (α0-β0)+(α1-β1)p1+(α2-β2)p2 = 0 ci is used for the shorthand form of (ai-bi) where i is a subscript. γi is used for the short hand form of (αi-βi) where is a subscript. c0+c1p1+c2p2=0 γ0+γ1p1+γ2p2=0
where α,β,a and b are all parametric constants. The $0,1,2$ are supposed to be in subscript but i'm not sure how to get that. I'm trying to work through the steps to get an equation in terms of $p1$ but after reaching $p2$ = $-(c0+c1p1)$/$c2$ and subbing that into equation 2, i haven't been able to find a neat form. Any assistance would be much appreciated!