When technology improves in the ice cream industry,what happens to consumer surplus
A)It increases.
B)It decreases.
C)It does not change, since technology affects suppliers and not consumers.
D)It increases then decreases.

Question

Quizplus · Accepted Answer

When technology improves in the ice cream industry, it usually leads to lower production costs and higher efficiency, resulting in a lower market price. As a result, consumers are better off since they can purchase more ice cream at a lower price, resulting in an increase in consumer surplus.

When Technology Improves in the Ice Cream Industry,what Happens to Consumer