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what is simultaneous equation with example. For solving simultaneous equations Let 2x 3y 91 and x y 3 2 From Equation 2 we get y x 33 Now in the substitution method we find the value of one variable in terms of others and then substitute back. Substituting the value of y in equation 1 we get.
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We speak of a system of simultaneous equations. These are known as simultaneous equations. This means some of the explanatory variables are jointly determined with the dependent variable which in economics usually is the consequence of some underlying equilibrium mechanism.
Two equations that share the variables x and y.
This value is then substituted in one or other of the original equations giving an equation with one unknown. Both variables are determined within the model so are endogenous and denoted by lettery. Two equations that share the variables x and y. 2x 3y 9.
