Other things equal,if the price of a good falls,what happens to the consumer surplus
A)It decreases.
B)It falls to zero if price falls to zero.
C)It increases.
D)It falls to a minimum if price falls to zero.

Question

Quizplus · Accepted Answer

If the price of a good falls, consumers can purchase more of the good for the same amount of money, which increases their consumer surplus. Therefore, the correct answer is C, as the consumer surplus increases when the price of a good falls.

Other Things Equal,if the Price of a Good Falls,what Happens