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  3. pes figure 7-1 a graph of price, p, versus quantit

pes Figure 7-1 A graph of price, P, versus quantity, O, is a demand curve,...

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Accounting

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pes Figure 7-1 A graph of price, P, versus quantity, O, is a demand curve, D, represented by a straight time descending from (0, Maximum Price) to (Maximum Quantity, 0). Two points are shown on the curve, from left to right, (Q2, P2), and (Q1, P1). Q1 is greater than Q2, and P1 is less than P2. The area under Curve D between 2-0 and Q-Q1a divided into three rectangles and do triangles, as follows. From top to bottom, and left to right, they are as follow. Triangle A has the following vertices. (0, Maximum Price), (Q2, P2) (0, P2). Rectangle B has the following verdices. (0, P2), (Q2, P2), (Q2, P1), (0.PI). Triangle C has the following vertices. (Q2, P2). (Q1, P1), (Q2, P1). Rectangle D has the following vertices (0.P1),(Q2, P1), (Q2,0),(0,0). Rectangle Fhas the following vertices. (Q2, P1), (Q1P1), (1, 0), (02, 0). Refer to Figure. When the price rises from P: to some surplus echty amount equal to decreases by an antequal to B-C amount oqual to B-C

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