The Demand Function for a Certain Brand of Compact Disc

question 11

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 $4/disc. Round your answer to the nearest dollar.
$__________

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Definitions:

Depression

An affective disorder characterized by a sustained sorrowful mood or a lack of excitement in life's activities, severely compromising daily existence.

Agoraphobia

An anxiety disorder characterized by an intense fear of environments where escape might be difficult, leading to avoidance behaviors.

Dissociative Identity Disorder

A mental disorder characterized by the presence of two or more distinct personality states that control an individual’s behavior in different circumstances.

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness or a lack of interest in outside stimuli, affecting daily functioning.