Question

# Ram and Shyam are classmates. They plan on watching a movie. Ram picks the theatre where tickets are priced at Rs 100 per ticket and cannot afford to pay more although he would love to. However, for Shyam, spending on the deluxe theatre charging Rs 1000 is an ordinary expense. What do you infer from this?

A
Ram and Shyam have the same needs and wants
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B
The 1000 Rupees ticket is a want for Ram and a need for Shyam
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C
The 1000 Rupees ticket is a need for Ram and a want for Shyam
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D
Either b or c
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Solution

## The correct option is B The 1000 Rupees ticket is a want for Ram and a need for ShyamSince the Rs 1000 ticket is a luxury for Ram, this is a want for him. Whereas Shyam finds the same to be an ordinary expense, and therefore this is a need for him.

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