An Increase in Price Increases Consumer Surplus

question 72

True/False

An increase in price increases consumer surplus.

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Definitions:

Cell References

In spreadsheet applications, the unique identifier of a cell, based on its column letter and row number, used in formulas to point to data.

Macro

A set of instructions or a script designed to automate repetitive tasks within software applications, allowing users to execute those tasks with a single command or click.

Absolute

A term used to describe values or measurements that are not relative and remain constant regardless of changes in other variables.

Assign Macro

The process of linking a macro (a set of programmed instructions) to a specific trigger, like a button or keyboard shortcut, in software applications.