Question

Which of the following examples can be used to understand economics.

• A. Raju sells a chocolate worth ₹8 for ₹10.
  
• B. Harshit buys a ₹20 worth pen for a discounted rate of ₹15
• C. Raju got an extra ₹1 by selling a ₹8 chocolate for ₹9.
  
• D. Harshit liked the chocolate that he purchased and ate it as soon as he got it.
  

Answer 1

Answer: (A), (B), (C)

The correct options are
A Raju sells a chocolate worth ₹8 for ₹10.

B Harshit buys a ₹20 worth pen for a discounted rate of ₹15
C Raju got an extra ₹1 by selling a ₹8 chocolate for ₹9.


Economics is a subject that studies the cost of manufacturing, buying and selling things. If you are trying to understand the impact of money in any situation, you are dealing with economics.