Multiple Choice
Alex is willing to pay $10,and Bella is willing to pay $8,for 1 pound of ribeye steak.When the price of ribeye steak increases from $9 to $11,
A) Alex experiences a decrease in consumer surplus,but Bella does not.
B) Bella experiences a decrease in consumer surplus,but Alex does not.
C) both Bella and Alex experience a decrease in consumer surplus.
D) neither Bella nor Alex experiences a decrease in consumer surplus.
Correct Answer:
Verified
Correct Answer:
Verified
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