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Figure 7-1 -Refer to Figure 7-1.When the Price Rises from P₁ to Rises

Question 18

Multiple Choice

Figure 7-1
Figure 7-1 -Refer to Figure 7-1.When the price rises from P₁ to P₂,which of the following statements is not true? A) The buyers who still buy the good are worse off because they now pay more. B) Some buyers leave the market because they are not willing to buy the good at the higher price. C) Buyers place a higher value on the good after the price increase. D) Consumer surplus in the market falls.
-Refer to Figure 7-1.When the price rises from P₁ to P₂,which of the following statements is not true?


A) The buyers who still buy the good are worse off because they now pay more.
B) Some buyers leave the market because they are not willing to buy the good at the higher price.
C) Buyers place a higher value on the good after the price increase.
D) Consumer surplus in the market falls.

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