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A researcher investigating race and the likelihood of getting a loan sends black, white, and interracial couples, who are part of the research team, to banks to apply for loans. The couples have the same (fake) data on their applications. This project
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price, at a given time.
Quantity Supplied
The amount of a good that producers are willing and able to sell at a given price over a specified period of time.
Surplus
A surplus of goods or services available compared to the demand, typically resulting in lower prices.
Price Ceiling
A legal maximum price set by the government for goods and services, intended to prevent prices from rising above a certain level.
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