Figure 3-17 Refer to Figure 3-17. Area C Represents

Multiple Choice

Figure 3-17
Refer to Figure 3-17. Area C represents

A) the 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 from P ₂ to P ₁.
C) the increase in producer surplus when quantity sold increases from Q ₂ to Q ₁.
D) the decrease in consumer surplus to each consumer in the market when the price increases from P ₁ to P ₂.