QUESTION 9 Refer to Figure 7-1. When the price is P1, consumer surplus is A. A+BA+B+CA+B+D QUESTION 10 Refer to Figure 7-1. When the price is P2, consumer surplus is A. B. A+B.A+B+C. QUESTION 11 Refer to Figure 7-1. When the price rises from P1 to P2, consumer surplus increases by an amount equal to A. decreases by an amount equal to B+C. increases by an amount equal to B+C. decreases by an amount equal to C. QUESTION 12 Refer to Figure 7-1. Area C represents the decrease in consumer surplus that results from a downward-sloping demand curve. consumer surplus to new consumers who enter the market when the price falls from P2 to P1. the increase in producer surplus when quantity sold increases from Q2 to Q1. the decrease in consumer surplus to each consumer in the market when the price increases from P1 to P2. QUESTION 13 Refer to Figure 7-1. When the price rises from P1 to P2, which of the following statements is not true? The buyers who still buy the good are worse off because they now pay more. Some buyers leave the market because they are not willing to buy the good at the higher price. Buyers place a higher value on the good after the price increase. Consumer surplus in the market falls