The Demand Function for a Certain Make of Replacement Cartridges

question 106

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 $5/cartridge. Round your answer to the nearest dollar.

• A) $16,333
• B) $16,800
• C) $16,667
• D) $16,886

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Definitions:

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Software that manages computer hardware, software resources, and provides common services for computer programs.

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Common operating systems that can be used across multiple computers connected through the Internet.

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