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

question 141

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

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Definitions:

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Educational institutions in the United States, ranging from elementary to higher education, regulated by specific educational standards and norms.

School Integration

The process of ending racial segregation within educational institutions, aiming to bring students of different races together in the same schools.

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