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    Principles of Economics
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    Exam 7: Consumers, Producers and the Efficiency of Markets
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    Graph 7-2 -Refer to Graph 7-2.When the Price Rises from P₁ to from P₁
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Graph 7-2 -Refer to Graph 7-2.When the Price Rises from P₁ to from P₁

Question 86

Question 86

Multiple Choice

Graph 7-2 Graph 7-2   -Refer to Graph 7-2.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
-Refer to Graph 7-2.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

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