Which of the following is not true when the price of a good or service falls? a. Some new buyers, who are now willing to buy, enter the market. b. The total consumer surplus in the market increases. c. The total value of purchases before and after the price change is the same. d. Buyers who were already buying the good or service are better off.
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Some new buyers, who are now willing to buy, enter the market - This is true. When the price of a good or service falls, it becomes more affordable for some consumers who were previously unable or unwilling to purchase it. This can lead to an increase in demand Show more…
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