Figure 3-17. -Refer to Figure 3-17. When the Price Rises from P₁

Multiple Choice

Figure 3-17.
-Refer to Figure 3-17. When the price rises from P₁ to P₂, consumer surplus

A) increases by an amount equal to A.
B) decreases by an amount equal to B + C.
C) increases by an amount equal to B + C.
D) decreases by an amount equal to C.