Examlex
Which of the following statements is not correct?
Demand
The quantity of a good or service that consumers are willing to buy at a given price over a specified period.
Deadweight Loss
A loss in economic efficiency that occurs when the optimal quantity of a good is not produced, often due to market distortions.
Daily Demand
The total amount of a good or service that consumers are willing and able to purchase at a particular price in a single day.
Tax
A necessary financial obligation or variant form of imposition placed upon a taxpayer by a governing institution aimed at generating income for government use and public expense funding.
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