The Demand Function for a Certain Brand of Compact Disc

question 95

Multiple Choice

The demand function for a certain brand of compact disc is given by where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.Determine the consumers' surplus if the wholesale market price is set at $2/disc.Round your answer to the nearest dollar.

• A)$16,346
• B)$16,790
• C)$16,880
• D)$16,667

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Definitions:

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A common symptom experienced during menopause characterized by sudden feelings of warmth and often followed by sweating, particularly in the upper body.

Caffeine

A stimulant found in various plants, commonly used to increase alertness and reduce sleepiness.

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