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-The Demand Function for a Certain Brand of Compact Disc

Question 271

Multiple Choice


-The demand function for a certain brand of compact disc is given by ​  -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 $1/disc. Round your answer to the nearest dollar. ​ A)  $26,988 B)  $26,667 C)  $26,454 D)  $26,544
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 $1/disc. Round your answer to the nearest dollar.


A) $26,988
B) $26,667
C) $26,454
D) $26,544

Correct Answer:

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