Parity Pricing and Target Pricing Differ in That

Multiple Choice

Parity pricing and target pricing differ in that

A) consumers pay a higher than equilibrium price under parity pricing and a lower than equilibrium price under target pricing
B) consumers pay a higher than equilibrium price under target pricing and a lower than equilibrium price under parity pricing
C) parity pricing generates an excess supply of farm goods while target pricing generates an excess demand
D) parity pricing generates an excess demand for farm goods while target pricing generates an excess supply
E) under parity pricing, consumer demand determines price while under target pricing, market supply determines the price