if-the-market-price-decreases-from-10-to-6-how-does-the-consumer-surplus-change-

Question

If the market price decreases from $$10 to 6$$, how does the consumer surplus change on a graph?

Accepted Answer

The consumer surplus area increases as the price line moves downward.

Answer

The consumer surplus area remains the same as the demand curve does not change.

Answer

The consumer surplus area disappears as the market reaches equilibrium.

Answer

The consumer surplus area decreases as the price line moves upward.

If the market price decreases from \$10 to \$6, how does the consumer surplus change on a graph?