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Consumer Surplus and Price Changes
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Consumer Surplus and Price Changes

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Questions and Answers

What happens to consumer surplus if the price of a good falls?

  • It increases (correct)
  • It remains unchanged
  • It fluctuates
  • It decreases

    • Why does consumer surplus increase when the price of a good falls?

  • Demand decreases
  • Consumer income decreases
  • The quantity demanded increases (correct)
  • The quantity demanded decreases

    • How does a decrease in the price of a good affect consumer behavior?

  • Consumers buy more of the good (correct)
  • Consumers stop buying the good
  • Consumers buy less of the good
  • Consumers start buying other goods

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