A rise in price of a good_____ the consumers surplus
A. Increase
B. Decrease
C. Remain constant
Devi sri K
CA Foundation
★ 7K+
16-Dec-23 19:05
255
Answers (2)
Decrease
Kiran Vijay
CA Final
★ 4K+
16-Dec-23 19:09
B. Decrease
When the price of a good rises, the consumer surplus decreases. Consumer surplus is nothing's
But , what consumers are willing to pay for a good and what they actually pay