Other things equal,if the price of a good falls,the consumer surplus
A)decreases.
B)is unchanged.
C)increases.
D)may increase, decrease, or remain unchanged.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good and the actual price paid. If the price of a good falls, consumers can purchase more at a lower price and gain a larger surplus. Thus, their surplus increases.

Other Things Equal,if the Price of a Good Falls,the Consumer