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Suppose that the market for canola oil (same as vegetable oil) is currently in equilibrium. The supply of vegetable oil is described by the equation:

Suppose that the market for canola oil (same as vegetable oil) is currently in equilibrium. The supply of vegetable oil is described by the equation: Qs=-150+ 20P, where P is the price per gallon, and Q is the quantity per day. The demand for vegetable oil is described by the equation: Qp = 672-15P-0.5M, where M is the median daily spending income and currently it is $160. Now consider that the price of protein feed (a complement in production) decreases, and at the same time, the median daily spending income increases. The market is in equilibrium after these events. Consider that one of the following equations represent the reduced demand curve, and one represent the supply curve after these events Equation A: QD = 648-15P | Equation B: Qp=592-15P | Equation C: QD = 487-15P Equation D: Qs=-199 +20P | Equation E: Qs=-150+20P | Equation F: Qs = -115 +20P After these events, what is the current market price?

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