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Unformatted text preview: and the price it actually receives. As the price of a good rises, producer surplus increases, and as the price of a good falls, producer surplus decreases. 2.5) The statement is incorrect. Consumer surplus (and producer surplus) could increase by decreasing deadweight loss....
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This note was uploaded on 01/14/2012 for the course ECO 211 taught by Professor Morvey during the Fall '10 term at Piedmont TC.
- Fall '10
- Consumer Surplus