The Demand Function for a Certain Brand of Compact Disc

question 95

Multiple Choice

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 $2/disc. Round your answer to the nearest dollar.

• A) $16,346
• B) $16,790
• C) $16,880
• D) $16,667

---

Definitions:

Inflammable

Capable of catching fire easily and burning rapidly.

Clarify

To make something easier to understand by providing more details or a simpler explanation.

Imperative Mood

A grammatical mood used to express commands, requests, or instructions.

Back Matter

The final sections of a book or document, including the index, glossary, bibliography, and appendices.