![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-white.png)
McqMate
Q. |
Consumer's surplus is the highest in the case of: |
A. | durable goods |
B. | luxuries |
C. | comforts |
D. | necessities |
Answer» D. necessities | |
Explanation: Consumer surplus is the difference between the price consumers would be prepared to pay and the actual market price. |
View all MCQs in
Economics (GK)No comments yet