1.

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» D. Rs 8000 worth of producer surplus


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