At a unit price of KES 16,000, the demand of a product is 300 units and at
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Question:
At a unit price of KES 16,000, the demand of a product is 300 units and at a unit price of KES 48,000 the demand is 100 units. At a unit price of KES 30,000 the supply is 550 units and at a unit price of KES 50,000, the supply is 650 units. Determine the market equilibrium point
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