The Maxwell School

Syracuse University

Syracuse University

The Maxwell School

Syracuse University

Syracuse University

The area of a trapezoid that has two parallel bases of lengths B1 and B2 separated by distance H is given by the formula:

area = (B1+B2)*H/2

For example, a trapezoid having parallel sides of lengths 6 and 8 and height equal to 4 would have an area of (6+8)*4/2 = 28. As another example, suppose the price of a good increases from $10 to $15 and the quantity demanded falls from 80 to 60, as shown in the diagram below. Consumer surplus would decrease by the shaded area, which is equal to (60+80)*5/2 = $350.

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URL: http://wilcoxen.maxwell.insightworks.com/pages/3118.html

Peter J Wilcoxen, The Maxwell School, Syracuse University

Revised 08/17/2016

URL: http://wilcoxen.maxwell.insightworks.com/pages/3118.html

Peter J Wilcoxen, The Maxwell School, Syracuse University

Revised 08/17/2016