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

Question 17

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 = $0.05 per message?


A) $5.00
B) $7.81
C) $15.63
D) $31.25

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