When Demand and Supply Are Linear, Consumer Surplus Is Equal

question 41

Multiple Choice

When demand and supply are linear, consumer surplus is equal to:

• A) the area between the demand curve and the price, out to the quantity that is exchanged.
• B) the area between the supply curve and the price, out to the quantity that is exchanged.
• C) the entire area between the demand curve and the price. See Section 3.1.
• D) the entire area between the supply curve and the price.

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Definitions:

Dorsiflexion

The movement that brings the top of the foot toward the shin, decreasing the angle between them.

Abduction

The movement of a limb or other part away from the midline of the body, or from another part.

Condyle

A round prominence at the end of a bone, typically part of a joint where it articulates with another bone.

Tuberosity

A large rounded projection on a bone, typically for the attachment of muscles or ligaments.