Figure 7-1 -Refer to Figure 7-1. Suppose That the Price Falls from the Price

Multiple Choice

Figure 7-1

-Refer to Figure 7-1. Suppose that the price falls from P₂ to P_1. Area C represents the

A) decrease in consumer surplus that results from a downward-sloping demand curve.
B) consumer surplus to new consumers who enter the market when the price falls.
C) additional consumer surplus to initial consumers.
D) decrease in consumer surplus in the market when the price increases from P₁ to P₂.