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.
The consumers' surplus: $__________
The producers' surplus: $__________

Question

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.
The consumers' surplus: $__________
The producers' surplus: $__________

Quizplus · Accepted Answer

The Answer of 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.
The consumers' surplus: $__________
The producers' surplus: $__________

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