Over the past 10 years, the price of a downloaded song has ________ which has led to ________.
A) decreased; a decrease in consumer efficiency
B) increased; a decrease in consumer surplus
C) not changed; no change in consumer surplus
D) decreased; an increase in consumer surplus
E) increased; an increase in consumer efficiency

Question

Quizplus · Accepted Answer

The price of a downloaded song has decreased over the past 10 years, which has led to an increase in consumer surplus. As the price has gone down, consumers are able to get more songs for the same amount of money, leading to greater satisfaction and a larger consumer surplus.

Over the Past 10 Years, the Price of a Downloaded