A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2016 · Q131 Mark
The diagram shows a consumer's demand curve for a product. [Figure X.X] How does consumer surplus change as the price of the product rises in $5 steps between $5 and $20?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
AIt falls at a constant rate (%) with each $5 rise.
BIt falls by a constant amount with each $5 rise.
CIt falls by a decreasing amount with each $5 rise.
DIt falls by an increasing amount with each $5 rise.
✓ Correct answer
C: It falls by a decreasing amount with each $5 rise.
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