What will happen to consumer surplus if the supply of a product with a normal demand curve is halved?
- AConsumer surplus will fall.
- BConsumer surplus will fall by 50 %.
- CConsumer surplus will rise.
- DConsumer surplus will rise by 100 %.
Economics 9708 · AS & A Level · Cross elasticity of demand
What will happen to consumer surplus if the supply of a product with a normal demand curve is halved?