Get Started
375

Q:

In which case the consumer surplus is maximum?

  • 1
    Durable goods
  • 2
    Vilas
  • 3
    Rest
  • 4
    Needs
  • Show Answer
  • Workspace

Answer : 4. "Needs"
Explanation :

Consumer surplus is highest in the case of necessities because consumers would be willing to pay a very high price as it is essential for their survival.

Previous Next
Basic GK Economics GK

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today