The demand function for a product is , where p is the number of dollars and x is the number of units. If the equilibrium price is $40, what is the consumer's surplus?
A) $1,175
B) $1,250
C) $1,375
D) $1,220
E) $1,340

Question

The demand function for a product is  , where p is the number of dollars and x is the number of units. If the equilibrium price is $40, what is the consumer's surplus? ​
A) $1,175 
B) $1,250 
C) $1,375 
D) $1,220 
E) $1,340

Quizplus · Accepted Answer

The Answer of The demand function for a product is  , where p is the number of dollars and x is the number of units. If the equilibrium price is $40, what is the consumer's surplus? ​
A) $1,175 
B) $1,250 
C) $1,375 
D) $1,220 
E) $1,340

The Demand Function for a Product Is , Where