An increase in the consumer surplus in the market for milkshakes may result from a(n)_____ in the _____ of milkshakes.
A)increase;price
B)increase;supply
C)decrease;demand
D)decrease;supply

Question

Quizplus · Accepted Answer

An increase in the supply of milkshakes, assuming demand remains constant, typically leads to a decrease in the price of milkshakes. This decrease in price allows consumers to enjoy more milkshakes for the same amount of money, thereby increasing consumer surplus.

An Increase in the Consumer Surplus in the Market for Milkshakes