Why is your consumer surplus now likely to be lower

Reference no: EM132174679

Question: Suppose you are at a flea market and are considering buying a box of vintage records. You are trying to bargain down the price, but the seller overhears you telling a friend that you are willing to pay up to $50. Why is your consumer surplus now likely to be lower than it would have been if the seller hadn't overheard you?

Reference no: EM132174679

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