Question
Consumer surplus
isSolution
Consumer surplus is a concept in economics that represents the difference between what a consumer is willing to pay for a good or service and the actual price they pay for it. It measures the additional benefit or utility that consumers receive from a transaction beyond what they have to pay.
Choose the odd one out from the following.
Ahmedabad, known as 'Manchester of India', is situated by which river?
Demutualisation is a process that changes a mutual or co-operative association into a public companyÂ
Who assassinated Michael O'Dwyer to avenge the Jallianwala Bagh Massacre?
Which G7 country was the first to end coal-fired power production, marking the closure of its last plant?
How many kilometers of transmission lines are planned to be added by 2031-32 under India's National Electricity Plan?
Which slogan is attributed to Swami Vivekananda?
The headquarters of World Trade Organization is located in
In a certain code STRONG is written as QUPPLH, How would ASPIRE be written in that code?
Dr Bhupen Hazarika stadium is in:
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