A rise in price will _________.

CA Foundation · Business Economics · MTP · January 2026
A rise in price will _________.
(A) A. Increase in Consumer Surplus
(B) B. Decrease in Consumer Surplus
(C) C. No Change in Consumer Surplus
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Decrease in Consumer Surplus

Topics: Theory of Demand and Supply

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic