Question
Consumer surplus is highest in the case of
________.Solution
Consumer surplus, the difference between what consumers are willing to pay and what they actually pay, is highest for necessities, as these goods have a high perceived value.
Read the given statements, labelled Assertion (A) and Reason (R), and select the most appropriate option with respect to them
Statements:
<...Who among the following has become IAF’s first woman fighter pilot from J&K?
President Droupadi Murmu has given her assent to the Central Goods and Services Tax (Amendment) Bill, 2023. This bill is made to define which of the fol...
On 29th June every year which of the following days is being observed?
The Department for Promotion of Industry and Internal Trade (DPIIT) has released more clarified norms for the FDI’s in which sector of India?
What does MSP (Minimum Support Price) aim to achieve for farmers? Â
As India is hosting the G20 Presidency for 2023 for the first time and it has invited many guest countries. Which of the following is not invited as a ...
Which country has opted out itself from the (Regional Comprehensive Economic Partnership) RCEP agreement?
The language of discourses of Gautama Buddha was:
Who among the following is the first Chief Election Commissioner of India?
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