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Assume that you are the only supplier of organic rice and below describes the supply and demand for organic rice. QD = 65 - 10

Assume that you are the only supplier of organic rice and below describes the supply and demand for organic rice. QD = 65 - 10 P QS = -35 + 15 P where Q is the quantity and P is the price of per kg of rice in ringgit.

i. What is the equilibrium price?

ii. At what price you maximize your sales revenue?

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