If somebody is buying 10 units of x and the price of x falls by $3, then that person's net consumer's surplus must increase by at least $30.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what consumers are willing to pay and what they actually pay. A decrease in price does not guarantee an increase in consumer surplus by a specific amount, as it depends on the demand curve and how much the consumer values additional units.

If Somebody Is Buying 10 Units of X and the Price