The Demand Function for a Certain Brand of Compact Disc

question 17

Short Answer

The demand function for a certain brand of compact disc is given by The supply function for the compact discs 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 producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar.
$__________

---

Definitions:

Fibula

A long, slender bone located on the lateral side of the tibia in the lower leg, contributing to the stability and support of the ankle and lower leg structures.

Metatarsals

The long bones in the foot that connect the ankle to the toes.

Tibia

The tibia, also known as the shinbone, is a large bone in the lower part of the leg, located between the knee and ankle, medial to the fibula.

Talus

A bone in the ankle that sits above the calcaneus and below the tibia and fibula, playing a critical role in the ankle’s ability to move.