Question
Black markets result from:
A. price floors
B. price ceilings
C. shifts in demand
D. competitive price outs
I think it's C?
A. price floors
B. price ceilings
C. shifts in demand
D. competitive price outs
I think it's C?
Answers
or it might be B ?
Ms. Sue
C is the best answer. Black markets occur when goods are rationed or overly expensive -- as during war time.
thanks!
Ms. Sue
You're welcome.