As a Result of a Decrease in Price

question 51

Multiple Choice

As a result of a decrease in price,

• A)new buyers enter the market, increasing consumer surplus.
• B)new buyers enter the market, decreasing consumer surplus.
• C)existing buyers exit the market, increasing consumer surplus.
• D)existing buyers exit the market, decreasing consumer surplus.

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Definitions:

Relative Size

A perceptual cue which allows the brain to understand the size of an object in relation to another through the visual information received.

Depth Cue

A visual or auditory signal which provides information on the distance of objects, helping in the perception of three-dimensional space.

Eardrum

A thin membrane that marks the beginning of the middle ear; sound waves cause the eardrum to vibrate.

Cochlea

A coiled, bony, fluid-filled tube in the inner ear that houses the sensory receptors.