Suppose that the price of a new bicycle is Rs300 Natalie values a new – McqOptions

MCQOPTIONS

1.	Suppose that the price of a new bicycle is Rs300 Natalie values a new bicycle at Rs 400 it costs Rs200 for the seller to produce the new bicycle. What is the value of total surplus if Natalie buys a new bike ?
A.	Rs500
B.	Rs300
C.	Rs200
D.	Rs400
Answer» C. Rs200

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