Which of the Following Is Not True When the Price

question 92

Multiple Choice

Which of the following is not true when the price of a good or service falls?

• A)Buyers who were already buying the good or service are better off.
• B)Some new buyers,who are now willing to buy,enter the market.
• C)The total consumer surplus in the market increases.
• D)The total value of purchases before and after the price change is the same.

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Definitions:

Foreign Aid

Financial or non-financial assistance given from one country to another, often to support development or alleviate poverty.

Purchasing Power

The real value of money in terms of the quantity of goods or services that one unit of money can buy.

Disinvestment

The process of selling off a portion of assets or withdrawal of investment capital from stocks, bonds, or businesses, often indicating a strategic or economic decision.

Public Sector

The part of the economy that is controlled by the government, encompassing public services and enterprises, including education, healthcare, and law enforcement.