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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 _____.

Answer :

Qd=100-2($10) --> 80 units demanded

Consumer surplus= Qd x 2P = $1,600

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