If the price of a pizza increases and the demand curve for pizza does not shift, then the consumer surplus from pizza will ________.
A) increase
B) decrease
C) equal the producer surplus if the market produces the efficient quantity of pizza
D) remain the same

Question

Quizplus · Accepted Answer

Consumer surplus is the area between the demand curve and the price line up to the quantity purchased. If the price of pizza increases, the consumer surplus will decrease as consumers will be willing to purchase less pizza at the higher price.

If the Price of a Pizza Increases and the Demand