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The Demand Function for a Product Is , Where

Question 106

Multiple Choice

The demand function for a product is The demand function for a product is , where p is the number of dollars and x is the number of units. If the equilibrium quantity is $7, what is the consumer's surplus? Round your answer to two decimal places. ​ A) $22.86 B) $28.24 C) $48.00 D) $62.40 E) $115.20 , where p is the number of dollars and x is the number of units. If the equilibrium quantity is $7, what is the consumer's surplus? Round your answer to two decimal places. ​


A) $22.86
B) $28.24
C) $48.00
D) $62.40
E) $115.20

Correct Answer:

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