The Quantity Demanded (In Units of a Hundred) of the Miniature

Multiple Choice

The quantity demanded (in units of a hundred) of the miniature cameras per week is related to the unit price (in dollars) by and the quantity (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price (in dollars) by 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.

A) The consumers' surplus: $26,704, the producers' surplus: $142,718
B) The consumers' surplus: $142,718, the producers' surplus: $26,704
C) The consumers' surplus: $18,333, the producers' surplus: $20,000
D) The consumers' surplus: $20,000, the producers' surplus: $18,333
E) The consumers' surplus: $44,040, the producers' surplus: $21,478