Ceteris paribus,when the price of a normal good increases,consumer surplus:

Question

Quizplus · Accepted Answer

Ceteris paribus means that all other factors are held constant. Therefore, when the price of a normal good increases, consumers will generally purchase less of it, and their willingness to pay for the good decreases. As a result, their consumer surplus decreases because they are no longer able to enjoy the same level of satisfaction from the good at the higher price.

Ceteris Paribus,when the Price of a Normal Good Increases,consumer Surplus