Suppose that the quantity demanded of cupcakes is 50 cupcakes when the price of a cupcake is $4. If the price rises to $5 for each cupcake, consumer...

Suppose that the quantity demanded of cupcakes is 50 cupcakes when the price of a cupcake is $4. If the price rises to $5 for each cupcake, consumer surplus will

• rise by more than $50.
• fall by more than $50.
• rise by less than $50.
• fall by less than $50.