Which of the Following Is Not True Concerning Consumer Surplus

question 64

Multiple Choice

Which of the following is not true concerning consumer surplus?

• A)It is graphically the area under the demand curve and above the market price.
• B)It does not exist in equilibrium.
• C)A leftward shift of the supply curve will decrease consumer surplus.
• D)A rightward shift of the supply curve will increase consumer surplus.

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