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Suppose the Market Demand Curve for TV Remotes Is Given

Question 62

Essay

Suppose the market demand curve for TV remotes is given by the equation Qd = 100 - 2P, where P is the price and Qd represents the number of TV remotes demanded.If the market price of TV remotes is
$10, then the quantity demanded would equal and the value of consumer surplus will be
________.
A.20; $100
B.80; $200
C.80; $1,600
D.20; $1,600

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