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Consumer Surplus and Willingness to Pay
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Consumer Surplus and Willingness to Pay
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5. Consumer and Producer Surplus; Price Ceilings and Floors / Consumer Surplus and Willingness to Pay / Problem 7
Problem 7
How might a significant decrease in consumer surplus influence consumer behavior in a market?
A
Consumers may increase their purchasing as they feel prices are too low.
B
Consumers may enter the market due to increased competition.
C
Consumers may become indifferent to price changes.
D
Consumers may decrease their purchasing as they perceive less value in the market.
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