An increase in consumer surplus is likely to occur when :

CA Foundation · Business Economics · PYQS · September 2024
An increase in consumer surplus is likely to occur when :
(A) A. There is a fall in price of goods.
(B) B. There is a rise in price of goods.
(C) C. Demand decreases.
(D) D. Supply increases.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. There is a fall in price of goods.

Topics: Theory of Demand and Supply

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