-Refer to the diagram above.If the market price rises above OB,consumer surplus will
A) increase.
B) decrease.
C) remain unchanged.
D) fluctuate widely.
E) be equal to producer surplus.

Question

-Refer to the diagram above.If the market price rises above OB,consumer surplus will
A) increase. 
B) decrease. 
C) remain unchanged. 
D) fluctuate widely. 
E) be equal to producer surplus.

Quizplus · Accepted Answer

If the market price rises above OB, consumer surplus will decrease because consumers will have to pay a higher price, reducing the area between the demand curve and the price level.

-Refer to the Diagram Above