Banking System and Capital Market Questions and Answers for Competitive Exams

Home
General Knowledge
the difference between the price the consumer is prepared to pay for a commodity

Question

The difference between the price the consumer is prepared to pay for a commodity and the price which he actually pays is called

A Worker’s Surplus

B Landlord’s Surplus

C Producer’s Surplus

D Consumer’s Surplus

Answer & Explanation
Answer: Option [D]

Read More Economics Solved Questions

junior administrative assistant jaa test series