Bipolarity
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I'm trying to prove something small in economics using MVDT but can't seem to work it out:
So consider: S(x) and D(x) such that:
S' > 0 > D'
S(x_{1}) = D(x_{1}) = Q_{1}
S(x_{2}) + \epsilon = D(x_{2}) + \epsilon = Q_{2}
Then can I prove the following?
x_{2} = x_{1}
Q_{2} > Q_{1}
I've tried to define a function that is the difference between S and D and then apply the mean value theorem, but it seems like I can't get where I want.
By the way there may not be an answer since I made the problem up. But instinct tells me this is doable, I just can't figure out how.
Thanks for your help.
BiP
So consider: S(x) and D(x) such that:
S' > 0 > D'
S(x_{1}) = D(x_{1}) = Q_{1}
S(x_{2}) + \epsilon = D(x_{2}) + \epsilon = Q_{2}
Then can I prove the following?
x_{2} = x_{1}
Q_{2} > Q_{1}
I've tried to define a function that is the difference between S and D and then apply the mean value theorem, but it seems like I can't get where I want.
By the way there may not be an answer since I made the problem up. But instinct tells me this is doable, I just can't figure out how.
Thanks for your help.
BiP