Multiple Choice
(Figure: Determining Surplus and Loss) Consider the graph. If the price is lowered from $8 to $5, consumer surplus 
A) increases by $20 and deadweight loss increases by $30.
B) increases by $120 and deadweight loss increases by $70.
C) decreases by $20 and deadweight loss increases by $30.
D) increases by $20 and deadweight loss increases by $70.
Correct Answer:
Verified
Correct Answer:
Verified
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