What happens to consumer surplus if the price of a good changes
A)It increases if the price increases.
B)It decreases if the price increases.
C)It decreases if the price decreases.
D)It changes to zero if the price changes to zero.

Question

Quizplus · Accepted Answer

Consumer surplus decreases if the price increases because consumers are paying more for the same quantity of goods, reducing the difference between what they are willing to pay and what they actually pay.

What Happens to Consumer Surplus If the Price of a Good