The Demand Functions for Two Products Are Given by ​

question 101

Multiple Choice

The demand functions for two products are given by ​ ​
Where p₁ and p₂ are in dollars and q₁ and q₂ are numbers of units.
Find a pair of prices p₁ and p₂ such that the demands for the products will be equal. Round your answers to the nearest cent.
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Definitions:

Non-twin Siblings

Non-twin siblings are brothers or sisters who do not share the same birth event, differing from twins as they are born at different times.

Correlation Coefficients

Statistical measures that indicate the strength and direction of a relationship between two variables, ranging from -1 (a perfect negative correlation) to +1 (a perfect positive correlation).

Adoptive Parents

Individuals or couples who legally assume the parenting responsibilities for a child who is not their biological offspring.

Biological Parents

The individuals from whom a person inherits their genetic material, typically referred to as the mother and father.