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 initial consumer surplus is $100, so we know it doesn't fall more than that, making it A.
Principles of Microeconomics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516590X
ISBN 13:
978-1-28516-590-5
Chapter 7 - Part III - Consumers, Producers, and the Efficiency of Markets - Quick Check Multiple Choice - Page 151: 2
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