Related Equilibrium Prices using Cramer's Rule

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This video numerically solves the solution for Related goods prices by using Cramer's Rule of Matrices. Equilibrium prices of Related goods are found for three entities.

• My focus is on ‘Economic Interpretation’ so you understand ‘Economic Meaning’ which will enable you for ‘Economic Applications’ of mathematical Tools.
• At the end you’ll get the summary of key-points of the topic.

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#DBM #CramerRule #RelatedGoodsPrices #Cramer'sRule #EquilibriumPrice #CoefficientMatrix #ConstantMatrix #VariableMatrix #InverseOfAMatrix #determinantofamatrix #ColumnOfAMatrix

Regards,
DBM,
  1. Dr Bilal Mehmood
  2. DBM
  3. MatrixInversion
  4. Determinant
  5. Adjoint of matrix
  6. Cofactors
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