Multiple Choice
Which of the following statements is correct?
A) Consumer surplus equals the price paid for a good.
B) An increase in price decreases consumer surplus.
C) The consumer surplus from a good is always larger than the total benefit from the good.
D) The consumer surplus from a good or service must always equal producer surplus.
E) An increase in price has no effect on consumer surplus.
Correct Answer:

Verified
Correct Answer:
Verified
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