A rise in Price will

CA Foundation · Business Economics · MTP · September 2025
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

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