The diagram illustrates a consumer’s demand curve for a product. How does consumer surplus change as the product’s price rises in $5 increments between $5 and $20?
- 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.