If Supply and Demand Are Both Straight Lines, Then at Equilibrium

question 29

Multiple Choice

If supply and demand are both straight lines, then at equilibrium consumer and producer surplus are both

• A)equal.
• B)shown as trapezoids.
• C)shown as squares.
• D)shown as triangles.

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Definitions:

Basic Mistrust

A term associated with Erik Erikson's stages of psychosocial development, referring to the first stage where infants learn whether or not they can trust the world based on their needs being met.

Basic Trust

A fundamental sense of trust in the world and others, often developed during infancy, that is seen as the foundation of healthy psychological development.

Responsive

Showing a positive and quick reaction to something, either emotionally or by taking action.

Sensitive

Easily affected by external conditions or stimuli.