A price below the equilibrium price will cause a reduction in consumer surplus.

Name: A price below the equilibrium price will cause a reduction in consumer surplus.
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Question

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A price below the equilibrium price typically leads to an increase in consumer surplus because consumers are able to purchase goods at a lower price than what they are willing to pay, thus increasing the difference between their willingness to pay and the actual price.

A Price Below the Equilibrium Price Will Cause a Reduction