nsumer surplus in the market for lemons? a. It increases. b. It decreases. c. It is not affected by this change in market forces. d. It increases very briefly then decreases.

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
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Chapter7: Consumers, Producers, And The Efficiency Of Markets
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12. Suppose there is an early warm season in California that is good for the lemon crop. What happens to
consumer surplus in the market for lemons?
a. It increases.
b. It decreases.
c. It is not affected by this change in market forces.
d. It increases very briefly then decreases.
Transcribed Image Text:12. Suppose there is an early warm season in California that is good for the lemon crop. What happens to consumer surplus in the market for lemons? a. It increases. b. It decreases. c. It is not affected by this change in market forces. d. It increases very briefly then decreases.
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