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


Answer: C

Mathematics

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