Figure 7-1 -Refer to Figure 7-1.When the Price Rises from P₁ to Rises

question 11

Multiple Choice

Figure 7-1

-Refer to Figure 7-1.When the price rises from P₁ to P₂,what happens to consumer surplus

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