Table 3.5 -Refer to Table 3.5.The Equations Above Describe the Demand and the Demand

Multiple Choice

Table 3.5
-Refer to Table 3.5.The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion.The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus?

A) $600 thousand
B) $300 thousand
C) $150 thousand
D) $30 thousand