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Suppose Eddie's Demand Curve for Text Messages Is T =

Question 38

Multiple Choice

Suppose Eddie's demand curve for text messages is T = 150 - 500Pt,where T stands for the number of text messages and Pt represents the price of text messages.What is Eddie's consumer surplus if Pt = $0.20 per message?


A) $0.50
B) $1.00
C) $2.00
D) $2.50

Correct Answer:

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