Which of the Following Will Cause an Increase in Consumer

question 24

Multiple Choice

Which of the following will cause an increase in consumer surplus?

• A)an increase in the production cost of the good
• B)a technological improvement in the production of the good
• C)a decrease in the number of sellers of the good
• D)the imposition of a binding price floor in the market

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Definitions:

Anticipatory Socialization

A process through which people learn the values, behaviors, and norms of a social role or group they aspire to join in the future.

Self-fulfilling Prophecy

A belief or expectation that an individual or group holds, which influences their actions in a way that causes the belief to become a reality.

Symbolic Interactionists

Sociologists who study how people use symbols to create meaning, and how those meanings shape social interactions and society itself.

Conflict Theorists

Sociologists who emphasize the role of coercion and power in producing social order, viewing social life as a struggle between groups for limited resources.