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:

Implicit Memory

A type of memory in which previous experiences aid in the performance of a task without conscious awareness of these previous experiences.

Procedural Memory

A type of long-term memory for how to perform different actions and skills, essentially the memory of how to do certain things.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences, including their contexts and associated emotions.

Implicit Memory

A type of memory that allows individuals to perform tasks without conscious awareness of these previous experiences.