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If the Price of Oak Lumber Increases,what Happens to Consumer

Question 58

Multiple Choice

If the price of oak lumber increases,what happens to consumer surplus in the market for oak cabinets?


A) Consumer surplus increases.
B) Consumer surplus decreases.
C) Consumer surplus will not change consumer surplus;only producer surplus changes.
D) Consumer surplus depends on what event led to the increase in the price of oak lumber.

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