Figure 7-7 -Refer to Figure 7-7.What Happens to the Consumer Surplus If

question 45

Multiple Choice

Figure 7-7
-Refer to Figure 7-7.What happens to the consumer surplus if the price rises from $100 to $150?

• A)The new consumer surplus is half of the original consumer surplus.
• B)The new consumer surplus is 25 percent of the original consumer surplus.
• C)The new consumer surplus is double the original consumer surplus.
• D)The new consumer surplus is triple the original consumer surplus.