Which of the Following Statements Is Not True

question 199

Multiple Choice

Which of the following statements is not true?

• A)Consumer surplus measures the difference between the highest price a consumer is willing to pay for a product and the price she actually pays.
• B)Marginal benefit is the additional benefit to a consumer from consuming one more unit of a product.
• C)Consumer surplus measures the net benefit from participating in a market.
• D)Producer surplus measures the total benefit received by producers from participating in a market.

---

Definitions:

Unconscionable Contract

An agreement that is so unfair or oppressive to one party that it is deemed unjust by the legal system.

Grossly Unfair

A situation or action that is extremely unjust or disproportionate, often violating ethical or legal standards.

Illegal Contract

An agreement that is not enforceable by law because it involves actions that are illegal or it violates legal statutes or public policy.

Breach

A violation or infringement of a law, agreement, or code of conduct.