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Tanner is a high school junior. He has been getting into a lot of trouble at school this year. Tanner either gets to school late or doesn't go altogether. He and his friends have been drinking alcohol and using drugs more often as well. Compared to his peers, Tanner is more at risk for ______.
Consumer Surplus
The disjunction between the price consumers are prepared to shell out for a good or service and what they end up shelling out.
Deadweight Loss
An economic efficiency decrement occurs when there's a failure to achieve or inability to achieve an equilibrium for a particular good or service.
Market Distortion
An economic phenomenon where external factors lead to a deviation from the expected or efficient allocation of resources, often causing prices to be higher or lower than they would be in a free market.
Taxed
Subjected to a compulsory financial charge or levy by governmental organizations for the funding of state expenditures.
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