Other Things Equal, a Fall in the Market Price Caused

question 204

Multiple Choice

Other things equal, a fall in the market price caused by a change in supply will

• A) increase consumer surplus.
• B) decrease consumer surplus.
• C) increase producer surplus while leaving consumer surplus unchanged.
• D) decrease producer surplus while leaving consumer surplus unchanged.

---

Definitions:

Retina

The light-sensitive layer of tissue at the back of the inner eye, which transmits visual information to the brain via the optic nerve.

Fovea

A tiny pit located in the macula of the retina, providing the clearest vision of fine details when looking directly at an object.

Colour Vision

The ability of the visual system to distinguish objects based on the wavelengths (or frequencies) of the light they reflect or emit.

Depth Perception

The visual ability to perceive the world in three dimensions, enabling the estimation of distance between objects.