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Compute consumers surplus if wholesale unit price is given

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Reference no: EM131637619

Question: DEMAND FOR DIGITAL CAMCORDER TAPES The demand function for a brand of blank digital camcorder tapes is given by

p = -0.01x2 - 0.2x + 23

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 consumers' surplus if the wholesale unit price is $8/tape.

Reference no: EM131637619

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