Resource Supply/Demand The Following Questions Refer to the Accompanying Graph, Which Shows

Multiple Choice

Resource Supply/Demand

The following questions refer to the accompanying graph, which shows the supply and demand for a resource. The owner of the resource is receiving the price P₀ and is providing the quantity Q₀.



-Refer to Resource Supply/Demand.What does area D represent?

A) The value that Q₀ units of the resource gives to demanders.
B) The revenue generated from selling Q₀ units of the resource.
C) The rent that resource owner earns from providing Q₀ units.
D) The minimum payment needed for the resource owner to supply Q₀ units.