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The Demand Function for a Product Is Where P

Question 266

Multiple Choice

The demand function for a product is The demand function for a product is where p is in millions of dollars and x is the number of thousands of units. If the equilibrium price is $6 million, what is the consumer's surplus? Round your answer to the nearest million dollars. ​ A) 114 million dollars B) 149 million dollars C) 83 million dollars D) 88 million dollars E) 174 million dollars where p is in millions of dollars and x is the number of thousands of units. If the equilibrium price is $6 million, what is the consumer's surplus? Round your answer to the nearest million dollars. ​


A) 114 million dollars
B) 149 million dollars
C) 83 million dollars
D) 88 million dollars
E) 174 million dollars

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