Other things being equal, total consumer surplus falls when the market price rises.

Question

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Total consumer surplus is the difference between the amount that consumers are willing and able to pay for a product and the actual market price they pay. When the market price rises, consumers are no longer able to purchase the same quantity of the product at the lower price they were previously willing to pay, resulting in a decrease in total consumer surplus.

Other Things Being Equal, Total Consumer Surplus Falls When the Market