When the supply of a good increases and the demand for the good remains unchanged,consumer surplus
A) decreases.
B) is unchanged.
C) increases.
D) may increase, decrease, or remain unchanged.

Question

Quizplus · Accepted Answer

When the supply of a good increases and the demand for the good remains unchanged, the equilibrium price will decrease. This means that consumers can now buy the good at a lower price, which increases their consumer surplus. Therefore, consumer surplus increases.

When the Supply of a Good Increases and the Demand