When Price Decreases, Consumer Surplus

question 126

Multiple Choice

When price decreases, consumer surplus

• A)increases
• B)remains constant
• C)decreases
• D)becomes negative
• E)may increase or decrease

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Definitions:

Transferee

A person or entity that receives property, rights, or a legal interest from another (the transferor) through a legal transfer process.

Transferor

An individual or entity that transfers property, rights, or interest to another.

Instrument

A formal document, especially one used in legal or financial contexts, that records a contractual agreement, obligation, or right.

Enforce

To compel obedience or compliance, often through legal or authoritative action.