Question

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 _____.
A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus

Answer 1

Answer:

don't

know

what

to

do

with

this

one