{"id":1110,"date":"2017-10-15T10:31:02","date_gmt":"2017-10-15T04:31:02","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/jane-pays-the-market-price-of-69-for-a-new-pair-of-running-shoes-even-though-she-would-be-happy-to-pay-a-maximum-of-100-for-the-same-pair-of-shoes-this-is-an-example-of-the-concept-of\/"},"modified":"2017-10-15T10:31:02","modified_gmt":"2017-10-15T04:31:02","slug":"jane-pays-the-market-price-of-69-for-a-new-pair-of-running-shoes-even-though-she-would-be-happy-to-pay-a-maximum-of-100-for-the-same-pair-of-shoes-this-is-an-example-of-the-concept-of","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/jane-pays-the-market-price-of-69-for-a-new-pair-of-running-shoes-even-though-she-would-be-happy-to-pay-a-maximum-of-100-for-the-same-pair-of-shoes-this-is-an-example-of-the-concept-of\/","title":{"rendered":"Jane pays the market price of $69 for a new pair of running shoes, even though she would be happy to pay a maximum of $100 for the same pair of shoes. This is an example of the concept of"},"content":{"rendered":"<p>Jane pays the market price of $69 for&#8230;.<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[59],"subject":[5],"education_level":[],"class_list":["post-1110","mcq","type-mcq","status-publish","hentry","topic-demand-and-supply","subject-managerial-economics"],"mcq_note":"Jane pays the market price of $69 for a new pair of running shoes, even though she would be happy to pay a maximum of $100 for the same pair of shoes. This is an example of the concept of consumer surplus.","mcq_options":[{"right":"no","answer":" producer surplus. "},{"right":"no","answer":"price ceilings"},{"right":"no","answer":" full economic prices. "},{"right":"yes","answer":" consumer surplus. "}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":59,"title":"Demand and Supply","slug":"demand-and-supply"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1110"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1110"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1110"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1110"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=1110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}