Question:

John buys good X, and would be willing to pay more than he

Last updated: 7/12/2022

John buys good X, and would be willing to pay more than he

John buys good X, and would be willing to pay more than he now has to pay. Suppose that John has a change in his tastes such that he values good X more than before. If the market price is the same as before, then A. John's consumer surplus would be unaffected. B. John's consumer surplus would increase. C. John's consumer surplus would decrease. D. John would be wise to buy less of good X than before.