Which of the Following Statements Is Not  Correct

question 98

Multiple Choice

Which of the following statements is not  correct?

• A) Total surplus is the sum of consumer and producer surplus.
• B) Deadweight loss is the net loss of both consumer and producer surplus resulting from underproduction or overproduction of a product.
• C) Deadweight loss is a measure of market inefficiency.
• D) Total surplus is maximized when the actual quantity supplied exceeds the equilibrium quantity.

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Definitions:

On Current

An event in database applications that triggers when the focus moves to a record in a form.

Focus

The state of an element in a graphical user interface that is currently ready to receive input, such as typed text from the keyboard.

On Load

An event in software development that triggers when a program, form, or webpage is loaded into memory and becomes ready to use.

Before Print

An event triggered in applications before a document or report is sent to the printer.