Asked by Micah Jones on May 01, 2024

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Christine has a linear demand curve for candy.If she wants to see her consumer surplus _____,she would like to see a(n) _____ in the market price of candy.

A) increase;decrease
B) increase;increase
C) decrease;decrease
D) not change;decrease

Linear Demand Curve

A graphical representation showing how the quantity demanded of a good or service varies with its price, typically depicted as a straight line on a graph.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay, reflecting consumer benefit.

Market Price

The present rate at which a product or service can be purchased or sold on the market.

  • Comprehend the consequences of price adjustments on the welfare of both consumers and producers.
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Zybrea KnightMay 08, 2024
Final Answer :
A
Explanation :
Consumer surplus increases when the market price of a good decreases, because the consumer can buy the good for a lower price than they were willing to pay, thus increasing the difference between their willingness to pay and the actual price.