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| 1. |
The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.1). Rs 5000 worth of consumer surplus2). Rs 8000 worth of consumer surplus3). Rs 5000 worth of producer surplus4). Rs 8000 worth of producer surplus |
| Answer» OPTION option 3 is the CORRECT ANSWER | |