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If demand curve for camping tents is D = 100000 - 17P and supply curve is S = 50000 + 8P, ﬁnd the equilibrium Price?

If demand curve for camping tents is D = 100000 - 17P and supply curve is S = 50000 + 8P, ﬁnd the equilibrium Price?

[A] Rs. 1000

[B] Rs. 2000

[C] Rs. 4000

[D] Rs. 500

Answer & Explanation
Answer: Option [B]