Use the following to answer question:
-(Figure: Consumer Surplus III)In the figure Consumer Surplus III,when the price falls from $30 to $25,consumer surplus _____ for a total consumer surplus of _____.
A)increases by $25;$74
B)decreases by $15;$34
C)increases by $15;$64
D)increases by $5;$54

Question

Use the following to answer question: 
-(Figure: Consumer Surplus III)In the figure Consumer Surplus III,when the price falls from $30 to $25,consumer surplus _____ for a total consumer surplus of _____.
A)increases by $25;$74 
B)decreases by $15;$34 
C)increases by $15;$64 
D)increases by $5;$54

Quizplus · Accepted Answer

When the price falls from $30 to $25, consumer surplus increases by $15 ($79-$64) for a total consumer surplus of $64+$15=$79. Therefore, the best choice is (C).

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