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.
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