Post Utme Bells University 2020 Commerce Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Bells University Commerce examination.

Post Utme Bells University 2020 Commerce Objective / Multiple Choice
Question 13 POST_UTME_BELLS_UNIVERSITY • 2020 • COMMERCE • objective

A consumer is considering purchasing a product that has a price of ₦500 and a quality rating of 8 out of 10. However, the consumer is also considering purchasing a different product that has a price of ₦600 and a quality rating of 9 out of 10. Using the concept of consumer surplus, which product should the consumer choose?

Answer Options

Correct Answer A. The product with a price of ₦500
B. The product with a price of ₦600
C. Both products are equally desirable
D. Neither product is desirable
Correct Answer
A
Correct Option:
The product with a price of ₦500

About This Question

This is Post Utme Bells University 2020 Commerce Question 13. It is one of the objective questions from the 2020 Post Utme Bells University Commerce examination.

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