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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?

Question

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]

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