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The Following Simultaneous Equations Describe the Demand and Supply for a Particular

Question 14

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The following simultaneous equations describe the demand and supply for a particular good in a competitive market. Qi = The following simultaneous equations describe the demand and supply for a particular good in a competitive market. Q<sub>i</sub> = <sub>1</sub>P<sub>i</sub> + <sub>1</sub>z<sub>i</sub><sub>1</sub> + u<sub>i</sub><sub>1</sub> Q<sub>i</sub> = <sub>2</sub>P<sub>i</sub> + <sub>2</sub>z<sub>i</sub><sub>2</sub> + u<sub>i</sub><sub>2</sub> Which of the following are the endogenous variables in this model? A) Pi<sub>,</sub> zi<sub>1,</sub> and z<sub>i</sub><sub>2</sub> B) P<sub>i</sub> and Q<sub>i</sub> C) zi<sub>1,</sub> and z<sub>i</sub><sub>2</sub> D) u<sub>i</sub><sub>1</sub> and u<sub>i</sub><sub>2</sub> 1Pi + The following simultaneous equations describe the demand and supply for a particular good in a competitive market. Q<sub>i</sub> = <sub>1</sub>P<sub>i</sub> + <sub>1</sub>z<sub>i</sub><sub>1</sub> + u<sub>i</sub><sub>1</sub> Q<sub>i</sub> = <sub>2</sub>P<sub>i</sub> + <sub>2</sub>z<sub>i</sub><sub>2</sub> + u<sub>i</sub><sub>2</sub> Which of the following are the endogenous variables in this model? A) Pi<sub>,</sub> zi<sub>1,</sub> and z<sub>i</sub><sub>2</sub> B) P<sub>i</sub> and Q<sub>i</sub> C) zi<sub>1,</sub> and z<sub>i</sub><sub>2</sub> D) u<sub>i</sub><sub>1</sub> and u<sub>i</sub><sub>2</sub> 1zi1 + ui1
Qi = The following simultaneous equations describe the demand and supply for a particular good in a competitive market. Q<sub>i</sub> = <sub>1</sub>P<sub>i</sub> + <sub>1</sub>z<sub>i</sub><sub>1</sub> + u<sub>i</sub><sub>1</sub> Q<sub>i</sub> = <sub>2</sub>P<sub>i</sub> + <sub>2</sub>z<sub>i</sub><sub>2</sub> + u<sub>i</sub><sub>2</sub> Which of the following are the endogenous variables in this model? A) Pi<sub>,</sub> zi<sub>1,</sub> and z<sub>i</sub><sub>2</sub> B) P<sub>i</sub> and Q<sub>i</sub> C) zi<sub>1,</sub> and z<sub>i</sub><sub>2</sub> D) u<sub>i</sub><sub>1</sub> and u<sub>i</sub><sub>2</sub> 2Pi + The following simultaneous equations describe the demand and supply for a particular good in a competitive market. Q<sub>i</sub> = <sub>1</sub>P<sub>i</sub> + <sub>1</sub>z<sub>i</sub><sub>1</sub> + u<sub>i</sub><sub>1</sub> Q<sub>i</sub> = <sub>2</sub>P<sub>i</sub> + <sub>2</sub>z<sub>i</sub><sub>2</sub> + u<sub>i</sub><sub>2</sub> Which of the following are the endogenous variables in this model? A) Pi<sub>,</sub> zi<sub>1,</sub> and z<sub>i</sub><sub>2</sub> B) P<sub>i</sub> and Q<sub>i</sub> C) zi<sub>1,</sub> and z<sub>i</sub><sub>2</sub> D) u<sub>i</sub><sub>1</sub> and u<sub>i</sub><sub>2</sub> 2zi2 + ui2
Which of the following are the endogenous variables in this model?


A) Pi, zi1, and zi2
B) Pi and Qi
C) zi1, and zi2
D) ui1 and ui2

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