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The Demand Function for a Certain Make of Replacement Cartridges

Question 106

Multiple Choice

The demand function for a certain make of replacement cartridges for a water purifier is given by The demand function for a certain make of replacement cartridges for a water purifier is given by where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus if the market price is set at $5/cartridge. Round your answer to the nearest dollar. A) $16,333 B) $16,800 C) $16,667 D) $16,886 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus if the market price is set at $5/cartridge. Round your answer to the nearest dollar.


A) $16,333
B) $16,800
C) $16,667
D) $16,886

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