Which of the Following Will Cause an Increase in Consumer

question 24

Multiple Choice

Which of the following will cause an increase in consumer surplus?

• A)an increase in the production cost of the good
• B)a technological improvement in the production of the good
• C)a decrease in the number of sellers of the good
• D)the imposition of a binding price floor in the market

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Definitions:

Experimental Psychologists

Scientists who study behavior and mental processes under controlled conditions to understand psychological phenomena.

Laboratory Studies

Controlled experiments conducted in a lab setting where variables can be manipulated to observe their effects on the subject being studied.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Feminist Movement

A series of political campaigns for reforms on issues such as reproductive rights, domestic violence, maternity leave, equal pay, women's suffrage, and sexual harassment.