If somebody is buying 10 units of x and the price of x falls by $4, then that person's net consumer's surplus must increase by at least $40.

Question

Quizplus · Accepted Answer

Consumer surplus increases when the price of a good falls, but the increase in consumer surplus is not solely determined by the quantity bought multiplied by the price decrease. It also depends on the individual's demand curve for the product.

If Somebody Is Buying 10 Units of X and the Price