Concept of consumer surplus


Could you please assist with the following problems involving the market demand curve.

Question 1. The market demand curve for a product always slopes downward to the right. Yes or no? Explain.

Question 2. Is there a difference between a movement along a demand curve and the shift of the demand curve? Yes or no? Explain.

Question 3. Why are managers interested in the concept of consumer surplus? Discuss.

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Microeconomics: Concept of consumer surplus
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