If the price of guitar amplifiers increases, ceteris paribus, at the new price, consumer surplus for electric guitars falls.

Question

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If the price of guitar amplifiers increases, it will increase the cost of buying an electric guitar (assuming the consumer wants an amplifier to go with it). This will lead to a decrease in consumer surplus, as consumers will be less willing to pay the higher price for the guitar and amplifier bundle.

If the Price of Guitar Amplifiers Increases, Ceteris Paribus, at the New