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Henry is willing to pay 45 cents, and Janine is willing to pay 55 cênts, for 1 pound of bananas. When the price of bananas falls from 50 cents a pound to 40 cents a pound, Select one: O a. Henry experiences an increase in consumer surplus, but Janine does not. O b. Janine experiences an increase in consumer surplus, but Henry does not. O c. both Janine and Henry experience an increase in consumer surplus. d. neither Janine nor Henry experiences an increase in consumer surplus.

Henry is willing to pay 45 cents, and Janine is willing to pay 55 cênts, for 1 pound of bananas. When the price of bananas falls from 50 cents a pound to 40 cents a pound, Select one: O a. Henry experiences an increase in consumer surplus, but Janine does not. O b. Janine experiences an increase in consumer surplus, but Henry does not. O c. both Janine and Henry experience an increase in consumer surplus. d. neither Janine nor Henry experiences an increase in consumer surplus.

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter7: Market Efficiency And Welfare
Section: Chapter Questions
Problem 2P
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Time left 0: Henry is willing to pay 45 cents, and Janine is willing to pay 55 cênts, for 1 pound of bananas. When the price of bananas falls from 50 cents a pound to 40 cents a pound, Select one: O a. Henry experiences an increase in consumer surplus, but Janine does not. Ob. Janine experiences an increase in consumer surplus, but Henry does not. O c. both Janine and Henry experience an increase in consumer surplus. O d. neither Janine nor Henry experiences an increase in consumer surplus.
Transcribed Image Text:Time left 0: Henry is willing to pay 45 cents, and Janine is willing to pay 55 cênts, for 1 pound of bananas. When the price of bananas falls from 50 cents a pound to 40 cents a pound, Select one: O a. Henry experiences an increase in consumer surplus, but Janine does not. Ob. Janine experiences an increase in consumer surplus, but Henry does not. O c. both Janine and Henry experience an increase in consumer surplus. O d. neither Janine nor Henry experiences an increase in consumer surplus.
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