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.
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Question

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.
$__________

Quizplus · Accepted Answer

The Answer of 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.
$__________

The Demand Function for a Certain Brand of Compact Disc