The Demand Function for a Certain Brand of Compact Disc

question 192

Short Answer

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 $3/disc. Round your answer to the nearest dollar.
​
$__________

---

Definitions:

Noninvasive Procedures

Medical tests or treatments that do not require an incision into the body or the removal of tissue.

Positron Emission Tomography

A medical imaging technique used to observe metabolic processes in the body by detecting gamma rays emitted indirectly by a positron-emitting radionuclide introduced into the body.

DXA Scan

A medical imaging technique, also known as Dual-energy X-ray Absorptiometry, used to measure bone density and assess the risk of osteoporosis.

T Score

A statistical measure used in osteoporosis diagnosis, comparing an individual's bone density to the average peak bone density of a healthy young adult.