Robert Lucas Jr. adapted the fooling model to his own way of thinking by replacing that model's assumption of

Globalization is the process of countries imposing trade restrictions on other countries

Indicate whether the statement is true or false

Suppose there are only two goods – Food (F) and Shelter (S). The demand equations for these two goods depend on their prices, pF and pS as follows:

DF (pF, pS) = 10 – 2pF – pS DS (pF, pS) = 10 – pF – 2pS The supply curves depend only on their own prices: SF (pF) = pF SS (pS) = 5pS Determine the equilibrium price and quantity of these goods.