If customers are racist but employers are not, then employment discrimination will be
a. equally profitable as nondiscrimination.
b. more profitable than nondiscrimination.
c. easier to eliminate than if employers were racist but customers were not.
d. less profitable than nondiscrimination.
Answer: b. more profitable than nondiscrimination.
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In which of the following situations will market clearing price decrease and the equilibrium quantity increase?
A) an increase in demand with no change in supply B) an increase in supply with no change in demand C) a decrease in supply with no change in demand D) a decrease in demand with no change in supply
Refer to the graphs. Assume that pizza is measured in slices and beer in pints. In which of the graphs is the opportunity cost of a pint of beer the lowest?
A. Graph A.
B. Graph B.
C. Graph C.
D. Graph D.