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​Exhibit 7-7 -Refer to Exhibit 7-7. When the Price Rises from P1

Question 75

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​Exhibit 7-7 ​Exhibit 7-7 -Refer to Exhibit 7-7. When the price rises from P<sub>1</sub> to P<sub>2</sub>, consumer surplus​ A) ​increases by area D + E B) ​increases by area B + C C) ​decreases by area B + C D) ​decreases by area C
-Refer to Exhibit 7-7. When the price rises from P1 to P2, consumer surplus​


A) ​increases by area D + E
B) ​increases by area B + C
C) ​decreases by area B + C
D) ​decreases by area C

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