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.

Question

Quizplus · Accepted Answer

When supply and demand are represented by straight lines, the areas representing consumer and producer surplus at equilibrium are triangles, formed by the demand and supply curves and the price line.

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