All Else Equal,what Happens to Consumer Surplus If the Price

question 69

Multiple Choice

All else equal,what happens to consumer surplus if the price of a good decreases?

• A)Consumer surplus increases.
• B)Consumer surplus decreases.
• C)Consumer surplus is unchanged.
• D)Consumer surplus may increase,decrease,or remain unchanged.

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Definitions:

Thyrocervical Arteries

A group of arteries that arise from the thyrocervical trunk and supply blood to the thyroid gland and surrounding areas.

Common Carotid

A major artery that supplies blood to the head and neck.

Femoral Artery

A major blood vessel in the thigh that supplies oxygenated blood to the lower portion of the body.

Posterior Tibial

Pertaining to the rear (posterior) tibial nerve or artery, which are located in the lower leg and supply regions of the foot.