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Jan stereotypes people from a particular region as lazy.While she fails to notice that three of the best students in her class are from that region she is quick to make the association for the students from the region that are doing poorly.This is an example of how stereotypes are ________.
Price Ceiling
Price Ceiling is a government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers from excessive costs.
Market Equilibrium
Market equilibrium is a condition in a market where the quantity demanded equals the quantity supplied, resulting in no pressure for the price to change.
Consumer Surplus
The gap between the total sum consumers are ready and able to spend on a good or service, and the sum they actually do spend.
Market Equilibrium
The condition in which the quantity of a product supplied is equal to the quantity demanded, leading to a stable market price.
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