Assume your demand for a can of soft drink remains constant, but the price increases. Your consumer surplus

Name: Assume your demand for a can of soft drink remains constant, but the price increases. Your consumer surplus
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Question

Quizplus · Accepted Answer

When the price of a good increases and your demand remains constant, your consumer surplus decreases because you are paying more for the same amount of satisfaction, reducing the difference between what you are willing to pay and what you actually pay.

Assume Your Demand for a Can of Soft Drink Remains