Along a given downward-sloping demand curve,a decrease in the price of a good will _____ consumer surplus.
A)increase
B)decrease
C)have no effect on
D)It's impossible to tell what will happen to consumer surplus.

Question

Quizplus · Accepted Answer

When the price of a good decreases, consumers are able to purchase the same quantity of goods for less money, resulting in an increase in consumer surplus.

Along a Given Downward-Sloping Demand Curve,a Decrease in the Price