Evaluating a supply and a demand curve independently,if the equilibrium price rises,
A)The consumer surplus will fall.
B)The producer surplus will fall.
C)The consumer surplus will increase.
D)The producer surplus will increase.

Question

Quizplus · Accepted Answer

If the equilibrium price rises, the consumer surplus will fall because consumers will have to pay more for the same quantity of goods.

Evaluating a Supply and a Demand Curve Independently,if the Equilibrium