As the Market Price of a Good Falls Due to an Increase

question 135

Multiple Choice

As the market price of a good falls due to an increase in supply,consumer surplus:

• A) falls.
• B) rises.
• C) does not change.
• D) can either fall, rise, or stay the same.

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Definitions:

Unearned Revenue

Income received by a company for goods or services that have not yet been delivered or performed.

Roofing Fees Revenue

This refers to the income generated from providing roofing services.

Accounts Receivable

Outstanding payments due to a business from its clients for goods or services already delivered but not yet settled.