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

Question

Quizplus · Accepted Answer

Over the past 10 years, the price of a downloaded song has decreased which has lead to an increase in consumer surplus. As the price of the song decreased, consumers were able to purchase more songs or spend their money on other goods and services, increasing their overall satisfaction and surplus.

Over the Past 10 Years,the Price of a Downloaded Song