A Restrictive Covenant Stating That a House Cannot Be Sold

question 7

True/False

A restrictive covenant stating that a house cannot be sold to someone who is not of the Caucasian race will be upheld by the courts.

---

Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar, leading to price-taking behavior.

Equalize Quantity

Bringing the amount of supply in line with the amount of demand.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Bushels Demanded

The quantity of a commodity, such as wheat or corn, measured in bushels, that buyers are willing to purchase at a given price.