________ in Consumer Surplus Occurs When the Price of a Good

question 14

Multiple Choice

________ in consumer surplus occurs when the price of a good ________.

• A) An increase; decreases and consumers can buy more of the good at the lower price
• B) A decrease; decreases and consumers buy less of the good at the cheaper price
• C) An increase; decreases and consumer efficiency declines
• D) A decrease; increases and the paradox of value is no longer valid
• E) An increase; increases but the relative price does not change

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