When there is technological advance in the ice cream industry,consumer surplus i

Question

When there is technological advance in the ice cream industry,consumer surplus in that market will a. increase b.decrease c.not change, since technology affects producers and notconsumers. d. not change since consumers' willingness to pay isunaffected by the technological advance. When there is technological advance in the ice cream industry,consumer surplus in that market will a. increase b.decrease c.not change, since technology affects producers and notconsumers. d. not change since consumers' willingness to pay isunaffected by the technological advance.

Explanation / Answer

c.not change, since technology affects producers and notconsumers.

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