Ask Question
11 November, 07:52

Dallas buys strawberries, and he would be willing to pay more than he now pays. Suppose that Dallas has a change in his tastes such that he values strawberries more than before. If the market price is the same as before, then a. Dallas's consumer surplus would be unaffected. b. Dallas's consumer surplus would increase. c. Dallas's consumer surplus would decrease. d. Dallas would be wise to buy fewer strawberries than before.

+4
Answers (2)
  1. 11 November, 09:59
    0
    b. Dallas's consumer surplus would increase.

    Explanation:

    Dallas buys strawberries, and he would be willing to pay more than he now pays. He has a change in his tastes such that he values strawberries more than before. If the market price is the same as before, then Dallas's consumer surplus would increase.
  2. 11 November, 10:00
    0
    Answer: the correct answer is b. Dallas's consumer surplus would increase

    Explanation:

    Consumer Surplus in economics is the gap between the price that consumers pay and the price they are willing to pay.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Dallas buys strawberries, and he would be willing to pay more than he now pays. Suppose that Dallas has a change in his tastes such that he ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers