SEBI Has Allowed Celebs to Endorse Which Products

question 14

Multiple Choice

SEBI has allowed celebs to endorse which products?

• A)Stocks and shares
• B)Mutual funds
• C)Dividends
• D)Insurance

Understand the concept of consumer surplus and how it is depicted graphically.

Calculate consumer surplus at different price points given a supply and demand diagram.

Analyze changes in total surplus resulting from price changes.

Determine the equilibrium quantity and price in a market.

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Definitions:

Nonexcludable

A characteristic of a good or service that prevents individuals who have not paid for it from being easily excluded from its consumption or use.

Nonrival

A characteristic of goods where one person's consumption does not diminish the ability of others to consume the same good.

Social Costs

The total cost to society, including both the private costs borne by producers and also any external costs to others not involved in the transaction.

Social Benefits

The aggregate advantage to society derived from the production or consumption of a product, encompassing both individual benefits and any additional external advantages.