The Decrease in Total Surplus That Results from a Market

question 195

Multiple Choice

The decrease in total surplus that results from a market distortion, such as a tax, is called a

• A)wedge loss.
• B)revenue loss.
• C)deadweight loss.
• D)consumer surplus loss.

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Definitions:

ICD-10-PCS

The International Classification of Diseases, Tenth Revision, Procedure Coding System; a coding system for documenting procedures in healthcare settings.

First Character

The initial symbol or letter in a sequence or string of characters, often significant in programming and data processing.

ICD-9-CM

The International Classification of Diseases, Ninth Revision, Clinical Modification; a system used in the United States for coding and classifying mortality and morbidity data until its replacement by ICD-10-CM.

ICD-10-CM

The International Classification of Diseases, Tenth Revision, Clinical Modification; a coding system used to classify and code all diagnoses, symptoms, and procedures.