Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 7 - Part III - Consumers, Producers, and the Efficiency of Markets - Quick Check Multiple Choice - Page 151: 2

Answer

A

Work Step by Step

Since the price of the cookies rises, that means the consumer surplus decreases, so we know it's A or B. The price change is 1 dollar, and the initial quantity is 100, which will go down when the price goes up, so the max consumer surplus change is 100 dollars.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.