Economics Mcqs
Q Suppose there are three identical vases available to be purchased. Buyer 1 is willing to pay Rs30 for one, buyer 2 is willing to pay Rs25 for one, and buyer 3 is willing to pay Rs20 for one. If the price is Rs25, how many vases will be sold and what is the value of consumer surplus in this market ?
  • A A. three vases will be sold, and consumer surplus is rs80
  • B B. one vase will be sold, and consumer surplus is rs5.
  • C C. one vase will be sold, and consumer surplus is rs30.
  • D D. three vases will be sold, and consumer surplus is rs0.
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Word of the Day
24 Jul
Untenable
(especially of a position or view) not able to be maintained or defended against attack or objection.
Ω†Ψ§Ω‚Ψ§Ψ¨Ω„ مدافعΨͺ، غیر Ω…Ψ³ΨͺΨ­Ϊ©Ω…ΨŒ جو Ψ―Ω„ΫŒΩ„ Ψ³Ϋ’ Ψ«Ψ§Ψ¨Ψͺ نہ ہو Ψ³Ϊ©Ϋ’

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