The demand curve for cookies is downward-sloping. When the price of cookies is $2, the quantity demanded is 100. If the price rises to $3, what happens to consumer surplus? a. It falls by less than $100. b. It falls by more than $100. c. It rises by less than $100. d. It rises by more than $100.

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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The demand curve for cookies is downward-sloping.

When the price of cookies is $2, the quantity

demanded is 100. If the price rises to $3,

what happens to consumer surplus?

a. It falls by less than $100.

b. It falls by more than $100.

c. It rises by less than $100.

d. It rises by more than $100.

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