On 31st March 2009. Suraj has to pay to Ms Chandra Rs.7,000 on account of credit purchase from the later. He paid Rs. 1.800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after
availing 5% cash discount. On account of final settlement, amount to be paid by Suraj without any discount will be
(a) Rs. 2350
(b) Rs. 2000
(c) Rs. 2200
(d) Rs. 2150

the answer is account d

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.