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Suppose the Market Demand Curve for TV Remotes Is Given

Question 180

Multiple Choice

Suppose the market demand curve for TV remotes is given by the equation Qd = 100 - 2P,where P is the price and Qd is the number of TV remotes demanded.If the market price of TV remotes is $10,then the quantity demanded equals _____ and the value of consumer surplus is _____.


A) 20;$100
B) 80;$200
C) 80;$1,600
D) 20;$1,600

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