Multiple Choice
A consumer currently purchases a good at a price such that her net benefit is positive.Her preference then changes and she now values the good more than before.
If the market price remains unchanged,which of the following statements about her consumer surplus would be true?
A) Her consumer surplus would also remain the same.
B) Her consumer surplus would decrease.
C) Her consumer surplus would increase.
D) Her consumer surplus could increase or decrease depending on her demand elasticity.
Correct Answer:

Verified
Correct Answer:
Verified
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