The Demand Function for a Certain Brand of Compact Disc

question 179

Multiple Choice

The demand function for a certain brand of compact disc is given by ​ ​
The supply function for the compact discs of 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 producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar.
​

• A) $16,907
• B) $16,338
• C) $16,667
• D) $16,805

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