All else equal, the lower the price, the ________the consumer surplus and the________ _ the producer surplus.

Name: All else equal, the lower the price, the ________the consumer surplus and the________ _ the producer surplus.
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Question

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When the price is lower, consumers pay less than what they are willing to pay, increasing consumer surplus, while producers receive less for their goods, decreasing producer surplus.

All Else Equal, the Lower the Price, the ________The Consumer