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The Demand Function for a Certain Brand of Compact Disc

Question 179

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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 ​   ​ The supply function for the compact discs of 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 producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar. ​ A)  $16,907 B)  $16,338 C)  $16,667 D)  $16,805
The supply function for the compact discs of is given by
The demand function for a certain brand of compact disc is given by ​   ​ The supply function for the compact discs of 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 producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar. ​ A)  $16,907 B)  $16,338 C)  $16,667 D)  $16,805
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 producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar.


A) $16,907
B) $16,338
C) $16,667
D) $16,805

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