MCQOPTIONS
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				| 1. | 
                                    Suppose there are three identical vases available to be purchased. Buyer 1 is willing to pay Rs30 for one, buyer 2 is willing to pay Rs25 for one, and buyer 3 is willing to pay Rs20 for one. If the price is Rs25, how many vases will be sold and what is the value of consumer surplus in this market ? | 
                            
| A. | Three vases will be sold, and consumer surplus is Rs80 | 
| B. | One vase will be sold, and consumer surplus is Rs5. | 
| C. | One vase will be sold, and consumer surplus is Rs30. | 
| D. | Three vases will be sold, and consumer surplus is Rs0. | 
| Answer» B. One vase will be sold, and consumer surplus is Rs5. | |