Solve This Set of 3x3 Simultaneous Equations for the Value

question 1

Multiple Choice

Solve this set of 3x3 simultaneous equations for the value of y: 2y + x - 3z = -5; -4y - 2x +3z = -2; y + 2x + 2z = 16

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Specialize

The process of focusing on a narrow area of expertise or production, allowing individuals or firms to increase efficiency and quality.

Domestic Price

The price of goods or services within a country's borders, as opposed to their price when exported.

World Price

The global market price of a good or service, determined by supply and demand across all countries.

Export Supply Curve

A graphical representation that shows the relationship between the price of a good on the international market and the quantity of the good that a country is willing to export.