The Demand Function for a Product Is , Where

question 32

Multiple Choice

The demand function for a product is , where p is the number of dollars and x is the number of units. If the equilibrium quantity is $7, what is the consumer's surplus? Round your answer to two decimal places. ​

• A) $22.86
• B) $28.24
• C) $48.00
• D) $62.40
• E) $115.20

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