Graph 7-2 -Refer to Graph 7-2.When the Price Rises from P₁ to from P₁

question 86

Multiple Choice

Graph 7-2
-Refer to Graph 7-2.When the price rises from P₁ to P₂, consumer surplus:

• A)increases by an amount equal to A
• B)decreases by an amount equal to B + C
• C)increases by an amount equal to B + C
• D)decreases by an amount equal to C

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Definitions:

Prompting

A technique used to initiate or encourage a specific behavior, often used in learning and behavior modification strategies.

Reminds

Acts of causing someone to remember or think of something, typically through a prompt or cue.

Natural Reward Strategies

Types of compensation designed to make aspects of a task or activity more enjoyable by building in certain features or by reshaping perceptions to focus on the most positive aspects of the task and the value it holds.

Enjoyable

Providing pleasure or delight; capable of making one happy or satisfied.