When the supply of a good decreases and the demand for the good remains unchanged,consumer surplus
A)decreases.
B)is unchanged.
C)increases.
D)may increase,decrease,or remain unchanged.

Question

Quizplus · Accepted Answer

When the supply of a good decreases and the demand for the good remains unchanged, the equilibrium price increases. As a result, consumers are willing to pay more for the same amount of the good, leading to a decrease in consumer surplus.

When the Supply of a Good Decreases and the Demand