In general equilibrium what is the equilibrium quantity of corn and soybeans?

is the quanti Show more The market for soybeans is characterized by = 18 Ps and = Ps 0.5Pc where Qs is the quantity of soybeans in millions of bushels Ps is the price per bushel of soybeans and Pc is the price per bushel of corn. The market for corn is characterized by = 18 Pc and = Pc 0.5Ps where Qc is the quantity of corn in millions of bushels. In general equilibrium what is the equilibrium quantity of corn and soybeans? Equilibrium quantity of corn = 16 million and equilibrium quantity of soybeans = 16 million. Equilibrium quantity of corn = 9 million and equilibrium quantity of soybeans = 9 million. Equilibrium quantity of corn = 6.5 million and equilibrium quantity of soybeans = 6.5 million. Equilibrium quantity of corn = 6 million and equilibrium quantity of soybeans = 6 million. Show less

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