Suppose That the Demand Function for an Appliance Is

question 133

Multiple Choice

Suppose that the demand function for an appliance is where q is the number of units and p is in dollars. What is the consumer's surplus if the equilibrium price is $17.6 and the equilibrium quantity is 21? Round your answer to the nearest dollar. ​

• A)$473
• B)$475
• C)$811
• D)$848
• E)$474

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Definitions:

Viruses

Microscopic infectious agents that replicate only inside the living cells of organisms, causing various diseases.

Beneficial

Producing good effects or advantageous outcomes; helpful or favorable.

Neutral

In genetics, refers to mutations that have no beneficial or harmful effect on the organism; in physics, relates to particles or objects without net charge.

Theodosius Dobzhansky

A prominent geneticist and evolutionary biologist, known for his work in population genetics and evolution.