A minority candidate may not have the same chances as a white candidate for a job simply based on an employer's misconceptions about minorities

Which of the following will hold true if the market for cameras is in equilibrium at a price of $40?

A) The quantity of cameras produced will equal the quantity of cameras bought in the market. B) Sellers of cameras will have an incentive to charge a price higher than $40. C) Buyers of cameras will want to buy fewer cameras than they are purchasing at equilibrium. D) If the cost of producing cameras falls below $40 per camera, all sellers will stop supplying cameras.

If the labor supply curve is very elastic, a tax on labor

a. has a large deadweight loss. b. raises enough tax revenue to offset the loss in welfare. c. has a relatively small impact on the number of hours that workers choose to work. d. results in a large tax burden on the firms that hire labor.