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Given the following marketequations: Supply: Qs= 17 + 1p Demand: Qd= 71 1p Solve for the equilibrium price = $? (round your calculation to the

Given the following marketequations:

Supply: Qs= 17 + 1p

Demand: Qd= 71 1p

Solve for the equilibrium price = $?

(round your calculation to the nearest penny)

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