The Demand Equation for the Sicard Sports Watch Is Given

Multiple Choice

The demand equation for the Sicard sports watch is given by where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars.Use the Trapezoidal Rule (take n = 8) to estimate the consumers' surplus if the market price is $25/watch.Round answer to two decimal places.

A) $392,373.56
B) $142.37
C) $142,373.56
D) $367,373.56