The demand function for a certain brand of compact disc is given by The supply function for the compact discs of 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.
A)$11,894
B)$11,667
C)$11,792
D)$11,346

Question

The demand function for a certain brand of compact disc is given by  The supply function for the compact discs of 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.
A)$11,894 
B)$11,667 
C)$11,792 
D)$11,346

Quizplus · Accepted Answer

The Answer is B

The Demand Function for a Certain Brand of Compact Disc