When the price of the product falls
A)consumer's surplus remains the same.
B)producers' surplus increases.
C)consumer's surplus falls.
D)producer's surplus falls.

Name: When the price of the product falls A)consumer's surplus remains the same. B)producers' surplus increases. C)consumer's surplus falls. D)producer's surplus falls.
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Question

Quizplus · Accepted Answer

When the price of a product falls, the producer's surplus decreases because they receive less revenue for each unit sold.

When the Price of the Product Falls