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Figure 7-1 -Refer to Figure 7-1.Which Does NOT Occur When the Price

Question 105

Multiple Choice

Figure 7-1
Figure 7-1 -Refer to Figure 7-1.Which does NOT occur when the price rises from P₁ to P₂ 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) The total value of what is now purchased by buyers is actually higher. D) Consumer surplus in the market falls.
-Refer to Figure 7-1.Which does NOT occur when the price rises from P₁ to P₂


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) The total value of what is now purchased by buyers is actually higher.
D) Consumer surplus in the market falls.

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