Which of the Following Statements Is False

question 139

Multiple Choice

Which of the following statements is false?

• A)The sum of producer and consumer surplus is maximized when equilibrium is achieved.
• B)Any successful effort to keep price from going to equilibrium decreases the sum of producer and consumer surplus in a market.
• C)The sum of producer and consumer surplus is maximized when Pareto efficiency is achieved.
• D)Consumer surplus is at its maximum when the price of a product is zero.
• E)Producer surplus is all that is maximized when Pareto efficiency is achieved.

---

Definitions:

Classic Styles

Traditional or longstanding approaches or designs that have withstood the test of time in various fields such as fashion, architecture, or literature.

Fiedler's Contingency Theory

A leadership model proposing that effective leadership depends on the match between a leader's style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.

Task-motivated Leaders

Leaders who focus primarily on accomplishing specific goals and tasks and organizing work and teams efficiently to achieve such objectives.

Influence Tactics

Strategies or actions used to persuade or influence others to support one's objectives or interests.