A consumer currently purchases a good at a price such that her net benefit is positive.Her preference then changes and she now values the good more than before.
If the market price remains unchanged,which of the following statements about her consumer surplus would be true?

Question

Quizplus · Accepted Answer

Since the consumer now values the good more than before, she is willing to pay a higher price for it. If the market price remains the same, she will now have a higher net benefit from consuming the good, which will result in an increase in her consumer surplus.

A Consumer Currently Purchases a Good at a Price Such