Differentiate between taste-based discrimination and statistical ...

[asan beg]

Differentiate between taste-based discrimination and statistical discrimination.
 
  What will be an ideal response?

Question 2

An increase in the demand for a good will tend to bid up the cost of acquiring the good more
 
  A) if suppliers respond by quickly making larger quantities available.
  B) if the cost of transferring resources out of other uses into production are low.
  C) in the short run than in the long run.
  D) if the supply curve is highly elastic.

[mirabriestensky]

Answer to Question 1

Taste-based discrimination occurs when people's preferences cause them to discriminate against a certain grou

Answer to Question 2

C

[asan beg]

Thanks for the timely response, appreciate it

[scikid]

Great answer, keep it coming