When Demand and Supply Are Linear, Consumer Surplus Is Equal

question 57

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 horizontal axis.
• D) the entire area below the demand curve, out to the quantity that is exchanged.

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