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:

Outcome

The result or effect of an action, situation, or event, typically in the context of healthcare or research.

Gravida

An alphanumeric (G1, G2, G3, etc.) that indicates how many times a woman has been pregnant in her life.

Pregnant

The condition of having a developing embryo or fetus in the uterus, typically lasting about 40 weeks from the last menstrual period to childbirth.

Excessive Weight

A condition characterized by carrying more body fat than is healthy, often calculated using the body mass index (BMI).