For a Linear and Upward Sloping Supply Curve and a Linear

question 71

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 value to society of the market 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:

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