It is known that the quantity demanded of a certain make of portable hair dryer is x hundred units/week and the corresponding wholesale unit price is dollars. Determine the consumers' surplus if the wholesale market price is set at $20/unit. Round your answer to the nearest dollar.
A) $5,093
B) $5,217
C) $4,975
D) $4,661

Question

It is known that the quantity demanded of a certain make of portable hair dryer is x hundred units/week and the corresponding wholesale unit price is  dollars. Determine the consumers' surplus if the wholesale market price is set at $20/unit. Round your answer to the nearest dollar.
A) $5,093 
B) $5,217 
C) $4,975 
D) $4,661

Quizplus · Accepted Answer

The Answer of It is known that the quantity demanded of a certain make of portable hair dryer is x hundred units/week and the corresponding wholesale unit price is  dollars. Determine the consumers' surplus if the wholesale market price is set at $20/unit. Round your answer to the nearest dollar.
A) $5,093 
B) $5,217 
C) $4,975 
D) $4,661

It Is Known That the Quantity Demanded of a Certain