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Economic Surplus and Efficiency
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Problem 10
Economic Surplus and Efficiency
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5. Consumer and Producer Surplus; Price Ceilings and Floors / Economic Surplus and Efficiency / Problem 10
Problem 10
If the price of a good decreases, what happens to the consumer surplus on a supply and demand graph?
A
Consumer surplus increases.
B
Consumer surplus decreases.
C
Consumer surplus remains unchanged.
D
Consumer surplus becomes negative.
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