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 money the consumer pays the producer 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.

Question

Quizplus · Accepted Answer

The money the consumer pays the producer is represented by the area of a rectangle, which is the price paid per unit times the quantity purchased.

For a Linear and Upward Sloping Supply Curve and a Linear