Multiple Choice
________ in consumer surplus occurs when the price of a good ________.
A) An increase; decreases and consumers can buy more of the good at the lower price
B) A decrease; decreases and consumers buy less of the good at the cheaper price
C) An increase; decreases and consumer efficiency declines
D) A decrease; increases and the paradox of value is no longer valid
E) An increase; increases but the relative price does not change
Correct Answer:

Verified
Correct Answer:
Verified
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