-The Demand Function for a Certain Make of Replacement Cartridges

question 33

Multiple Choice

-The demand function for a certain make of replacement cartridges for a water purifier is given by ​ ​
Where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus if the market price is set at $1/cartridge. Round your answer to the nearest dollar.
​

• A) $22,006
• B) $21,526
• C) $21,445
• D) $21,667

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Definitions:

Speciation

Evolution of a new species.

Mass Extinctions

Events in Earth's history where large numbers of species become extinct worldwide in a relatively short geological timeframe, drastically reducing biodiversity.

Environmental Factors

Encompasses all external elements and conditions affecting an organism's life, from climate to food availability.

Plate Tectonics

The scientific theory that Earth's outer shell is divided into several plates that glide over the mantle, responsible for various geological phenomena.