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Given the following marketequations: Supply: Q s = -9 + 1 p Demand: Q d = 71 - 3p Solve for the equilibrium price= $_____
Given the following marketequations:
Supply: Qs= -9 + 1p
Demand: Qd = 71 - 3p
Solve for the equilibrium price= $_____ (round your calculation to the nearest penny)
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