Suppose That Dylan Has a Change in His Tastes Such

question 184

Multiple Choice

Suppose that Dylan has a change in his tastes such that he values avocados more than before.If the market price is the same as before,then what would happen to Dylan

• A)Dylan's consumer surplus would increase since his willingness to pay decreases.
• B)Dylan's consumer surplus would increase since his willingness to pay increases.
• C)Dylan's consumer surplus would decrease since his willingness to pay decreases.
• D)Dylan's consumer surplus would decrease since his willingness to pay increases.

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Definitions:

Cognitive Map

A visuospatial mental representation of an environment.

Latent Learning

Learning that takes place in the absence of reinforcement.

Behavior Modification

The use of behavioral change techniques to alter maladaptive behaviors into more healthy or desirable ones.

Add a Stimulus

The act of introducing a new sensory input or trigger in an environment to elicit a response in an organism or system.