Other Things Remaining the Same,marginal Utility Theory Implies That a Rise

question 54

Multiple Choice

Other things remaining the same,marginal utility theory implies that a rise in the price of a good

• A)increases the consumer surplus.
• B)decreases the consumer surplus.
• C)leaves consumer surplus unchanged.
• D)has an effect on consumer surplus that cannot be determined.
• E)decreases consumer surplus by the amount equal to the total utility of all goods consumed before the price rise but not after the price rise.

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