Table 7-5 For Each of Three Potential Buyers of Oranges, the Table

question 100

Multiple Choice

Table 7-5
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
-Refer to Table 7-5. Who experiences the largest gain in consumer surplus when the price of an orange decreases from $1.05 to $0.75?

• A)Allison
• B)Bob
• C)Charisse
• D)Allison and Bob experience the same gain in consumer surplus, and Charisse's gain is zero.

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Definitions:

Males

The sex that is characterized by the production of small mobile sperm, typically having XY chromosomes in mammals.

Females

Refers to the sex or gender that is typically characterized by the ability to produce ova or eggs, and in mammalian species, usually possesses two X chromosomes.

Homosexual Males

Men who are emotionally, romantically, or sexually attracted to other men.

Heterosexual Males

Men who are sexually attracted to women.