# Suppose that 40 percent of the voting population wish to spent Rs1,000 for artwork in City Hall, 25 percent wish to spent Rs20,000 and 35 percent wish to spend Rs 22,000 What is the median preferred outcome, the average preferred outcome and the modal preferred outcome ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: Suppose that 40 percent of the voting population wish to spent Rs1,000 for artwork in City Hall, 25 percent wish to spent Rs20,000 and 35 percent wish to spend Rs 22,000 What is the median preferred outcome, the average preferred outcome and the modal preferred outcome ? Correct Answer: C. Rs20,000; Rs13,100; Rs1,000. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

---

Tested in Competitive Exams:

- [NTS Test Prep](https://test-prep.blog/exams/nts)
- [FPSC Past Papers](https://test-prep.blog/exams/fpsc)
- [PPSC Solved MCQs](https://test-prep.blog/exams/ppsc)
- [PMDC MDCAT 2026](https://test-prep.blog/exams/mdcat)
- [UET ECAT Prep](https://test-prep.blog/exams/ecat)
- [CSS Central Superior](https://test-prep.blog/exams/css)

- [Economics Mcqs](https://test-prep.blog/categories/economics-mcqs)
Difficulty: Moderate 64% Accuracy

# Suppose that 40 percent of the voting population wish to spent Rs1,000 for artwork in City Hall, 25 percent wish to spent Rs20,000 and 35 percent wish to spend Rs 22,000 What is the median preferred outcome, the average preferred outcome and the modal preferred outcome ?

Direct Answer & Quick Reference

The correct option is **C. Rs20,000; Rs13,100; Rs1,000**.

A. Rs20,000; Rs20,000; Rs22,000

B. Rs1,000; Rs14,333; Rs1,000

C. Rs20,000; Rs13,100; Rs1,000 **(Correct Answer)**

D. Rs1,000; Rs20,000; Rs22,000

✨ Explain with AI

Verified Key: C. Rs20,000; Rs13,100; Rs1,000
Solved by 1,289+ students

Verified against official examination board answer keys and standard curriculum textbooks.

- [Previous Question The World Bank classifies countries into four groups. This classification is based upon:](https://test-prep.blog/mcq/the-world-bank-classifies-countries-into-four-groups-this-classification-is-base-8bb589e9-b9c0-41d7-b271-8c23bba7451c)
- [Next Question Automatic stabilizers are one of the _____ policy tools.](https://test-prep.blog/mcq/automatic-stabilizers-are-one-of-the-policy-tools-1586d9a0-f8b5-4c77-b48d-db492aec26a1)

- [Practice More Economics Mcqs MCQs](https://test-prep.blog/quiz/smart?category=economics-mcqs)
- [How We Verify Questions →](https://test-prep.blog/editorial-policy)

## Subject Overview

Explore thousands of solved past paper MCQs for Economics Mcqs categorized with explanations.

- [Browse All Economics Mcqs MCQs →](https://test-prep.blog/categories/economics-mcqs)

## Related Questions

- [The World Bank classifies countries into four groups. This classification is based upon:](https://test-prep.blog/mcq/the-world-bank-classifies-countries-into-four-groups-this-classification-is-base-8bb589e9-b9c0-41d7-b271-8c23bba7451c)
- [Automatic stabilizers are one of the _____ policy tools.](https://test-prep.blog/mcq/automatic-stabilizers-are-one-of-the-policy-tools-1586d9a0-f8b5-4c77-b48d-db492aec26a1)
- [Increase in supply of money will positively affect:](https://test-prep.blog/mcq/increase-in-supply-of-money-will-positively-affect-a3edbc22-9144-4668-b4c3-4932e7b4dc55)
- [The relationship between inflation and unemployment is represented by:](https://test-prep.blog/mcq/the-relationship-between-inflation-and-unemployment-is-represented-by-c31075ef-a94e-4bb2-b6b6-ee62d4b45dc4)
- [Which of the following is not a component of GDP?](https://test-prep.blog/mcq/which-of-the-following-is-not-a-component-of-gdp-cffa15fa-914c-4546-b0a2-439f891ad6e0)

---
*Source: https://test-prep.blog/mcq/suppose-that-40-percent-of-the-voting-population-wish-to-spent-rs1000-for-artwor-d1d739a4-5686-453b-bd28-314523e04421*
*Format: Markdown for Agents (Content Negotiation: text/markdown)*