The figure given below shows the income-leisure trade off of an individual.Figure 16.5
AB and AC: Income constraints of the individual
I 1 , I 2 , and I 3 curves show the income leisure choices of the individual.
-When people prefer to obtain medical, or legal services from white males, although they charge high prices for their services, it is termed as:

Question

The figure given below shows the income-leisure trade off of an individual.Figure 16.5
  AB and AC: Income constraints of the individual
I 1 , I 2 , and I 3 curves show the income leisure choices of the individual.
-When people prefer to obtain medical, or legal services from white males, although they charge high prices for their services, it is termed as:

Quizplus · Accepted Answer

This scenario describes consumer prejudice, where consumers prefer services from a particular demographic group and are willing to pay higher prices for it.

The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure