The Term "Deadweight Loss" or "Excess Burden" Is Used to Describe

The term "deadweight loss" or "excess burden" is used to describe the

A) expenditures on exercise and weight-reducing programs by individuals who are overweight.
B) loss from the elimination of mutually beneficial exchanges that results from the imposition of a tax in a market.
C) difference between the value consumers place on a good and the price they have to pay for it.
D) reduction in consumer welfare that occurs when the firms in a market make a profit.