23 0.5 points Sklpped References When a tax is imposed on a market: Multiple Choice 0 O O O the prlce the buyer pays is higher than the amount the seller receives. the buyers' equilibrium tax-inclusive price increases and the equilibrium quantity decreases fewer total transactions take place in the market. All are correct. 0.5 points Skippecl eBook References Total economic surplus is greatest when Multiple Choice 0 O O O price controls keep prices low enough that most consumers can purchase the item. consumer surplus and producer surplus are equal. consumer surplus exceeds producer surplus. the market is in equilibrium. Deadweight loss is defined as: A the loss of total surplus resulting from a price equal to the equilibrium price. A the loss of producer surplus resulting from a quantity that is less than the equilibrium quantity. A the loss of total surplus resulting from a quantity that is less than the equilibrium quantity. A the loss of consumer surplus resulting from a quantity that is less than the equilibrium quantity. Deadweight loss results from: A a price that is too high, relative to the equilibrium price. A a price that is the same as the equilibrium price. A a price that is either too high or too low, relative to the equilibrium price. A a price that is too low, relative to the equilibrium price. When exchange is being restricted and there are missing markets: O consumers will be better off. O total surplus will be higher. O there is no deadweight loss. O there are beneficial exchanges that cannot take place