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Now Suppose the Demand Curve Remains Constant but the Market

Question 54

Multiple Choice

Now suppose the demand curve remains constant but the market price of frozen pizzas in Decorah,IA increases to $14 per pizza.The loss in consumer surplus in this market due to the $4 increase in the price of frozen pizza is ________.
Now suppose the demand curve remains constant but the market price of frozen pizzas in Decorah,IA increases to $14 per pizza.The loss in consumer surplus in this market due to the $4 increase in the price of frozen pizza is ________. A) $4,840 B) $2,080 C) $1,760 D) $320


A) $4,840
B) $2,080
C) $1,760
D) $320

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