Use the Following to Answer Question

question 165

Multiple Choice

Use the following to answer question:
-(Figure: Consumer Surplus III) In the figure Consumer Surplus III,when the price falls from $30 to $25,consumer surplus _____ for a total consumer surplus of _____.

• A)increases by $25;$74
• B)decreases by $15;$34
• C)increases by $15;$64
• D)increases by $5;$54

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Definitions:

Neoclassical

A style of art and architecture characterized by a return to classical ideals of beauty, harmony, and symmetry, emerging in the late 18th century.

Wealthy Socialites

Individuals of high social status who are often wealthy and influential, frequently appearing at fashionable events and public gatherings.

Naturalistic Impulse

The inclination in art and literature toward realistic depiction of the world, emphasizing detailed observation of nature and everyday life.

Vigée-Lebrun

A prominent 18th-century French portrait painter, Marie Louise Élisabeth Vigée-Lebrun, best known for her portraits of Marie Antoinette.