Which of the Following Is True When the Price of a Good

question 30

Multiple Choice

Which of the following is true when the price of a good or service rises?

• A)Buyers who were already buying the good or service are better off.
• B)Some buyers exit the market.
• C)The total consumer surplus in the market increases.
• D)The total value of purchases before and after the price change is the same.

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Definitions:

Affluence

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The display or threat of nuclear power as a means of coercion or to demonstrate military capability, often associated with Cold War era tensions.