As people buy more of the same product,
A)their consumer surplus rises.
B)their consumer surplus falls.
C)their consumer surplus will fall to zero to maximize their total utility.
D)the additional purchases do not affect their consumer surplus.

Question

Quizplus · Accepted Answer

As people buy more of the same product, they typically experience an increase in consumer surplus because they are able to purchase additional units at a price lower than what they are willing to pay, thus increasing the difference between their willingness to pay and the actual price.

As People Buy More of the Same Product