Multiple Choice
Other things remaining the same,marginal utility theory implies that a rise in the price of a good
A) increases the consumer surplus.
B) decreases the consumer surplus.
C) leaves consumer surplus unchanged.
D) has an effect on consumer surplus that cannot be determined.
E) decreases consumer surplus by the amount equal to the total utility of all goods consumed before the price rise but not after the price rise.
Correct Answer:

Verified
Correct Answer:
Verified
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