Which of the Following Is Not True Concerning Consumer Surplus

question 307

Multiple Choice

Which of the following is not true concerning consumer surplus?

• A) It is qraphically the area under the demand curve and above the market price.
• B) It does not exist in equilibrium.
• C) A leftward shift of the supply curve will decrease consumer surplus.
• D) A rightward shift of the supply curve will increase consumer surplus.

---

Definitions:

Phenylketonuria

A genetic disorder caused by a deficiency in the enzyme needed to metabolize phenylalanine, leading to intellectual disability and other health issues if untreated.

Intellectual disability

A condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, originating before the age of 18.

Myelin

A fatty substance that surrounds and insulates nerve fibers, speeding up the transmission of electrical signals in the nervous system.

Fibrous tissue

A type of connective tissue that is made up of densely packed collagen fibers, providing structural support and strength to various body structures and organs.