For a Linear and Upward Sloping Supply Curve and a Linear

question 135

Multiple Choice

For a linear and upward sloping supply curve and a linear downward sloping demand curve, when the consumer has to pay a positive price for the good, the consumer surplus is a

• A)Rectangle.
• B)Triangle.
• C)Four-sided figure that is a rectangle on the bottom and a right triangle on the top whose hypotenuse is the demand curve.
• D)Four-sided figure that is a rectangle on the bottom and a right triangle on the top whose hypotenuse is the supply curve.

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Definitions:

Global Catch

The total mass of fish and other sea animals captured from the world's water bodies each year.

Commercial Extinction

A condition in which a species exists in such low numbers that it is no longer profitable to harvest.

Coral Reefs

Diverse underwater ecosystems held together by calcium carbonate structures secreted by corals, providing habitat and shelter for many marine species.

Biodiversity Of Oceans

The variety of life in the world's oceans and seas, including the ecosystems, species, and genetic diversity found within marine environments.