Solved

Which of the Following Will Cause an Increase in Consumer

Question 24

Multiple Choice

Which of the following will cause an increase in consumer surplus?


A) an increase in the production cost of the good
B) a technological improvement in the production of the good
C) a decrease in the number of sellers of the good
D) the imposition of a binding price floor in the market

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Brock is willing to pay $400 for

Q21: A demand curve reflects each of the

Q22: Figure 7-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-7

Q23: Celine buys a new MP3 player for

Q25: Figure 7-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-8

Q26: On a graph,the area below a demand

Q27: Figure 7-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-2

Q28: Figure 7-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-1

Q29: A drought in California destroys many red

Q64: Suppose the market demand curve for a