The quantity demanded x (in units of a hundred) of the miniature cameras per week is related to the unit price p (in dollars) by

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and the quantity x (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price p (in dollars) by

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If the market price is set at the equilibrium price, find the consumers' surplus and the producers' surplus. Please round the answers to the nearest dollar.

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A. The consumers' surplus: $22,075,  the producers' surplus: $26,872

B. The consumers' surplus: $6,667,  the producers' surplus: $11,667

C. The consumers' surplus: $22,161,  the producers' surplus: $39,729

D. The consumers' surplus: $11,667,  the producers' surplus: $6,667

E. The consumers' surplus: $39,729,  the producers' surplus: $22,161

Answer 1

Answer: B