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  • 21-03-2017
  • Business
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All else equal, what happens to consumer surplus if the price of a good decreases?

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Greenleafable
Greenleafable Greenleafable
  • 29-03-2017
This is the basics of the law of supply and demand. If the price of a good decreases then the consumer surplus will increase. It also works vice-versa. If things become cheaper more people will buy it, and if it goes up then fewer people will buy it.
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