If the cost of producing sectional sofas decreases,what happens to consumer surplus
A)It increases then decreases.
B)It decreases.
C)It remains constant.
D)It increases.

Question

Quizplus · Accepted Answer

When the cost of producing sectional sofas decreases, the supply curve shifts to the right. This means that at any given price level, there will be more sectional sofas available in the market. As a result, the equilibrium price will decrease, leading to an increase in consumer surplus. Therefore, option D, "It increases," is the correct answer.

If the Cost of Producing Sectional Sofas Decreases,what Happens to Consumer