Simultaneous equations like 𝒚 = 2𝒙 - 1 and 𝒚 = 𝒙 + 1 can be represented graphically. To solve the equations graphically, the two lines 𝒚 = 𝒙 + 1 and 𝒚 = 2𝒙 - 1 are drawn on the same diagram.

To find solutions from graphs, look for the point where the two graphs cross one another. This is the solution point. For example, the solution for the graphs \(y = x + 1\) and \(x + y = 3\) is the ...

This is a preview. Log in through your library . Abstract This article considers a classical linear simultaneous equations model with random coefficients on the endogenous variables. Simultaneous ...