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Demand Curve is D= 67500-18P , and Supply Curve is S= 22500+12P ,
there fore ,
67500 - 18 P = 22500 +12P
= 67500 - 22500 =12P-18P
= 45000 = - 30. Therefore, 45000 / 30 = 1500.
therefore, equilibrium price = 1500.
By: Barka Mirza ProfileResourcesReport error
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