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Good Evening! Can you explain the answer step by step for me? Assume a market demand function is given by the equation: Qd = 50

Good Evening!

Can you explain the answer step by step for me?

Assume a market demand function is given by the equation:

Qd = 50 - .75P

Qd is the quantity demanded and P is the price. If P equals 10 then the consumer surplus is closest to:

A. 67

B 1205

C 1667

Thanks!

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