A decrease in the price of widgets will result in which of the following? * An increase in demand for widgets O A decrease in demand for widgets. A decrease in quantity supplied for widgets An...


Answer these two questions for me


A decrease in the price of widgets will result in which of the following? *<br>An increase in demand for widgets<br>O A decrease in demand for widgets.<br>A decrease in quantity supplied for widgets<br>An increase in quantity supplied for widgets<br>An increase in supply for widgets.<br>Consumer surplus is<br>*<br>the price of a good divided by its marginal utility.<br>the marginal utility of a good divided by its price.<br>the total utility of a good.<br>the difference between the consumer's value and the market price.<br>the area on the supply and demand graph below the market price and above the<br>supply curve.<br>

Extracted text: A decrease in the price of widgets will result in which of the following? * An increase in demand for widgets O A decrease in demand for widgets. A decrease in quantity supplied for widgets An increase in quantity supplied for widgets An increase in supply for widgets. Consumer surplus is * the price of a good divided by its marginal utility. the marginal utility of a good divided by its price. the total utility of a good. the difference between the consumer's value and the market price. the area on the supply and demand graph below the market price and above the supply curve.

Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here