The diagram shows a consumer’s demand curve for a product.
How does consumer surplus change as the price of the product rises?
1 )
It falls at a constant rate (%) with each $5 rise.
2 )
It falls by a constant amount with each $5 rise.
It falls by a decreasing amount with each $5 rise.
4 )
It falls by an increasing amount with each $5 rise.
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