In a market with perfect competition, two different goods are produced. The demand function for the respective goods is

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answerhappygod
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In a market with perfect competition, two different goods are produced. The demand function for the respective goods is

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In a market with perfect competition, two different goods are
produced.
The demand function for the respective goods is given by

𝑄1 = 100 βˆ’π‘1 + 2𝑝2
𝑄2 = 100 + 𝑝1 βˆ’ 𝑝2.

If the supply functions are provided by

𝑄1 = 10 + 𝑝1
𝑄2 = 20 + 𝑝2,

how much of each product is then produced in equilibrium?

a. 𝑄1 = 120 and 𝑄2 = 180.
b. 𝑄1 = 180 and 𝑄2 = 145.
c. 𝑄1 = 100 and 𝑄2 = 100.
d. 𝑄1 = 200 and 𝑄2 = 120.
(right answer is b. but I need step by step to come to this
conclusion)
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