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1. |
Mr Shah is willing to spend upto Rs 50 lakh for a German luxury car. Luckily he finds a dealer who says the price of the car is Rs 42 lakh. Mr Shah  convinces the dealer to give him 5% discount on the said price. Mr Shah's consumer surplus is_x005F_x000D_ |
A. | Rs 8 lakh |
B. | Rs 10.1 lakh |
C. | Rs 2.1 lakh |
D. | Rs 39.9 lakh |
Answer» C. Rs 2.1 lakh | |