Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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