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In the Summer of 2008,the Price of Gasoline Increased Greatly

Question 310

Multiple Choice

In the summer of 2008,the price of gasoline increased greatly.If the demand curve for gasoline did not shift,which of the following occurred?


A) Drivers received no consumer surplus after the price increase.
B) Consumer surplus increased if drivers drove less.
C) Consumer surplus decreased.
D) If consumers drove the same amount, they received less total benefit.
E) Both the marginal benefit from each gallon of gasoline and the consumer surplus from each gallon of gasoline decreased.

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