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When discrimination occurs as a result of employer prejudice, discriminating firms do not maximize profits.
Quantity Supplied
The amount of a good or service that producers are willing to sell at a given price.
Price Floor
A government or group-imposed price control or limit on how low a price can be charged for a product.
Demand Decrease
A situation where the quantity of a product or service desired by buyers decreases, usually due to changes in consumer preferences, incomes, or prices of related goods.
Demand Equation
A mathematical representation expressing the relationship between the quantity of a good demanded and its price, along with other factors affecting demand.
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