Consumer Surplus Increases Whenever the Price of a Good Decreases

question 77

True/False

Consumer surplus increases whenever the price of a good decreases due to a rightward shift of the supply curve.

---

Definitions:

Hazardous Waste

Describes waste materials that are dangerous or potentially harmful to human health or the environment.

Pesticides

Chemical substances used to kill or control pests, including insects, weeds, and diseases in crops.

FIFRA

The Federal Insecticide, Fungicide, and Rodenticide Act, which regulates the distribution, sale, and use of pesticides in the United States to protect public health and the environment.

Marine Protection, Research, and Sanctuaries Act

A U.S. law aimed at preventing ocean dumping to protect marine environments, also known as the Ocean Dumping Act.