Multiple Choice
Henry is willing to pay 45 cents, and Janine is willing to pay 55 cents, for 1 pound of bananas. When the price of bananas falls from 50 cents a pound to 40 cents a pound,
A) Henry experiences an increase in consumer surplus, but Janine does not.
B) Janine experiences an increase in consumer surplus, but Henry does not.
C) both Janine and Henry experience an increase in consumer surplus.
D) neither Janine nor Henry experiences an increase in consumer surplus.
Correct Answer:

Verified
Correct Answer:
Verified
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