When quantity supplied and quantity demanded are not the same in a market:

Which of the following purchases is most likely to rise as the result of a temporary tax cut, according to the permanent-income hypothesis?

A) television sets and other consumer durables B) steak dinners and other consumer non-durables C) trips to the Virgin Islands and other vacation destinations D) theater tickets and other entertainment expenditures

Selling a product at different prices when the price difference is unrelated to costs is a practice known as

A) price fixing. B) price monopolization. C) price discrimination. D) price differentiation.