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Question 26 of 41

Q.Given potential price is Rs. 250 and the actual price is Rs. 200. Find the Consumer Surplus.

(a) 200
(b) 375
(c) 50
(d) 175
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
63% · 26/41 Questions
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Consumer's Surplus = Potential price − Actual price = 250 − 200 = Rs. 50.

Consumer's surplus measures the extra satisfaction (in money terms) a buyer enjoys because the price actually paid is less than the maximum price he was prepared to pay.

Formula: Consumer's Surplus = What a consumer is willing to pay − What he actually pays.

Given:

  • Potential (willing-to-pay) price = Rs. 250
  • Actual price = Rs. 200 …
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