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-The Demand Function for a Certain Make of Replacement Cartridges

Question 3

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 $1/cartridge. Round your answer to the nearest dollar. ​ A)  $22,006 B)  $21,526 C)  $21,445 D)  $21,667
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 $1/cartridge. Round your answer to the nearest dollar.


A) $22,006
B) $21,526
C) $21,445
D) $21,667

Correct Answer:

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