If Quantity Supplied Is Either Greater or Less Than the Equilibrium

question 37

Multiple Choice

If quantity supplied is either greater or less than the equilibrium quantity,then all of the following are true except:

• A)total loss of surplus will depend on the shape of the demand and supply curves.
• B)the resulting loss of consumer surplus will depend on the price of the good.
• C)total loss of surplus will depend on the price of the good.
• D)there will be an inefficient allocation of resources.