标题: Schweser Econ: q8 on Efficiency and Equity [打印本页] 作者: whew1110 时间: 2013-4-9 22:14 标题: Schweser Econ: q8 on Efficiency and Equity
The question reads:
As the demand (marginal benefit) curve becomes less elastic, if the equilibrium price and quantity remain unchanged, consumer surplus:
a. decrease
b. increase
c. remains unchanged
The book answers b. Why?
As I understand, when demand curve becomes less elastic, the curve is steeper (the far end moves toward the yaxis), so the area under the curve is smaller. then the surplus should be a: decrease.
Any comments? Thanks.
