Keeping all else constant, when the price of a good increases, A consumer surplus increases. (B) both consumer surplus and producer surplus decrease. producer surplus decreases. (D consumer surplus decreases. (E) both producer surplus and consumer surplus increase.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section: Chapter Questions
Problem 91RE
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Keeping all else constant, when the price of a good increases,
A) consumer surplus increases.
B) both consumer surplus and producer surplus decrease.
C producer surplus decreases.
D) consumer surplus decreases.
E) both producer surplus and consumer surplus increase.
Transcribed Image Text:Keeping all else constant, when the price of a good increases, A) consumer surplus increases. B) both consumer surplus and producer surplus decrease. C producer surplus decreases. D) consumer surplus decreases. E) both producer surplus and consumer surplus increase.
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