The demand function for Apex women's boots is
Where p is the wholesale unit price in dollars and x is the quantity demanded daily, in units of a hundred. Find the consumers' surplus if the wholesale price is set at $60/pair.
A) ≈ $2,794
B) ≈ $3,131
C) ≈ $3,223
D) ≈ $2,054
Correct Answer:
Verified
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