Table 7-11 -Refer to Table 7-11.Both the Demand Curve and the Supply

question 329

Multiple Choice

Table 7-11

-Refer to Table 7-11.Both the demand curve and the supply curve are straight lines.If 6 units are bought and sold,then total surplus is

• A) $18 lower than it would be if the equilibrium number of units were bought and sold.
• B) $22 lower than it would be if the equilibrium number of units were bought and sold.
• C) $26 lower than it would be if the equilibrium number of units were bought and sold.
• D) $6 higher than it would be if the equilibrium number of units were bought and sold.

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