Suppose that the demand function for an appliance is where q is the number of units and p is in dollars. What is the consumer's surplus if the equilibrium price is $17.6 and the equilibrium quantity is 21? Round your answer to the nearest dollar.
A) $473
B) $475
C) $811
D) $848
E) $474
Correct Answer:
Verified
Q108: Suppose that when a new oil well
Q109: Evaluate the integral Q110: Use an integral formula to evaluate Q111: Use an integral formula to evaluate Q112: Evaluate the integral Q114: If the supply function for x units Q115: Suppose the marginal cost for x units Q116: Suppose the marginal cost for x units Q117: Use integration by parts to evaluate Q118: Evaluate the integral Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents