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:

Income Items

Generally refer to all the items that contribute to a company's net income, including revenue from sales, services, and other sources.

Reportable Segment

A component of a business that can be separately distinguished for financial reporting purposes, typically based on product line or geographic area.

Operating Segment

A distinct unit within a business that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same business.

Identifiable Cash Flows

Cash flows that can be directly linked to a specific project, investment, or business segment.