Multiple Choice
Andrew buys yogurt, and he would be willing to pay more than he now pays. Suppose that Andrew has a change in his tastes such that he values yogurt more than before. If the market price is the same as before, then
A) Andrew's consumer surplus would be unaffected.
B) Andrew's consumer surplus would increase.
C) Andrew's consumer surplus would decrease.
D) Andrew would be wise to buy less yogurt than before.
Correct Answer:
Verified
Correct Answer:
Verified
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