In this consumer surplus graph, what would happen if the price dropped again the same amount as it dropped between P1 and P2, to a new level, P3?
a. Demand would remain at point C.
b. Demand would move to point B.
c. Consumer surplus would decrease.
d. Consumer surplus would increase.
d. Consumer surplus would increase.
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Suppose that, initially, the nominal interest rate is 6 percent and the inflation rate is 3 percent. If the inflation rate increases to 6 percent, what will be the new nominal interest rate?
A) 6 percent B) 1 percent C) 11 percent D) 9 percent
Which of the following is true?
A) If a majority of voters favor a proposal, it will achieve positive results. B) If there is an economic problem, the government will be able to solve it. C) A good outcome is guaranteed when a government program is created with good intentions. D) Even if government programs are implemented with good intentions, they may lead to undesirable outcomes.
WTO talks in the late 1990s led to openings in both financial services and telecommunications
Indicate whether the statement is true or false
Price ceilings are illegal in the United States
Indicate whether the statement is true or false