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 $2/disc. Round your answer to the nearest dollar.
A) $16,346
B) $16,790
C) $16,880
D) $16,667

Question

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 $2/disc. Round your answer to the nearest dollar.
A) $16,346 
B) $16,790 
C) $16,880 
D) $16,667

Quizplus · Accepted Answer

The Answer of 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 $2/disc. Round your answer to the nearest dollar.
A) $16,346 
B) $16,790 
C) $16,880 
D) $16,667

The Demand Function for a Certain Brand of Compact Disc