Author Question: If the quantity demanded exceeds the quantity supplied, then there is A) a shortage and the price ... (Read 267 times)

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If the quantity demanded exceeds the quantity supplied, then there is
 
  A) a shortage and the price is below the equilibrium price.
  B) a shortage and the price is above the equilibrium price.
  C) a surplus and the price is below the equilibrium price.
  D) a surplus and the price is above the equilibrium price.

Question 2

Discrimination that occurs when people's preferences cause them to discriminate against a certain group is referred to as:
 
  A) group discrimination.
  B) special interest group discrimination.
  C) cultural discrimination.
  D) taste-based discrimination.



DylanD1323

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Answer to Question 1

A

Answer to Question 2

D



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