Curioustab

Home » General Knowledge » Indian Economy

Irfaan loves black coffee. A roadside stall selling a cup of black coffee at Rs. 120, offered 25% discount to Irfaan. If Irfaan was willing to pay even Rs. 200 for this cup of black coffee, Irfaan's consumer surplus is

90
80
30
110

Correct Answer: 110

← Previous Question Next Question→

More Questions from Indian Economy

Which among the following does not count in the development expenditure of government?
If a country devalues its currency, its _______________
Sectoral distribution of GDP index measures_________
If hiring an extra worker increases a factory's output from 1000 to 1200 units per day, but the factory has to reduce the price of its product from Rs. 25 to Rs. 24 per unit to sell the additional output, the marginal revenue product of the last worker is
Which law states that bad money drives good money out of circulation?
Which of the following is a tertiary activity?
If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?
In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was
The goods which people consume more, when their price rises are called _______.
What situation would result if Government expenditure exceeds the Government revenue on Current Account?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion