Given the following demand and supply functions: Supply: OS = 0 + 2p Demand: Qd = 92 -2p + 0.02Y, where Y = Consumer income
Given the following demand and supply functions: Supply: OS = 0 + 2p Demand: Qd = 92 -2p + 0.02Y, where Y = Consumer income per month Solve for the following given consumer income is $3.000lmo. Equilibrium Price = $|:| (round your calculation to the nearest penny)
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