In economics, what a consumer is ready to pay minus what he actually pays, is termed as Options: A . &nbspConsumer's equilibrium B . &nbspConsumer's surplus C . &nbspConsumer's expenditure D . &nbspNone of the above

In economics, what a consumer is ready to pay minus what he actually pays, is te

Question

In economics, what a consumer is ready to pay minus what he actually pays, is termed as

Options:

A . Consumer's equilibrium

B . Consumer's surplus

C . Consumer's expenditure

D . None of the above

Answer: Option B

Submit Your Solution Below and Earn Points !

Next Question

Question 1. If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 percent, 'X' has....

Question 2. Demand for intermediate consumption arises in....

Question 3. The second glass of lemonade gives lesser satisfaction to a thirsty biy, this is a clear case of....

Question 4. The kinked demand curve model of oligopoly assumes that....

Question 5. Agricultural goods market depicts characteristics close to....

Question 6. A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of output. The marginal c....output. The marginal cost of producing the 6th unit is

Question 7. The various combination of goods that can be produced in any economy when it uses its available resources and technology....uses its available resources and technology efficiency are depicted by

Question 8. Rational decision making requires that....

Question 9. If the demand for a good is inelastic, an increase in the price of the good will cause the total expenditure of the cons....the total expenditure of the consumers of the good to

Question 10. All of the following are determinants of demand except....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0