Calculate the equilibrium price

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Reference no: EM13996340

Suppose the market for a certain dosage of generic cholesterol-lowering statin drugs has a supply described by P=15.88+0.19Q (with price measured in cents per capsule and quantity in millions of capsules per day) and a demand described by P=98.74-1.25Q. Calculate the equilibrium price (in cents).

Reference no: EM13996340

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