More cards in this set

Card 6

Front

An ... in market demand causes consumer surplus to fall

Back

Preview of the front of card 6

Card 7

Front

Lower supply costs cause the market price to ... and consumer surplus will rise as a result

Back

Preview of the front of card 7

Card 8

Front

An ... in market demand leads to a higher price and a rise in producer surplus

Back

Preview of the front of card 8