________ is an illegal activity between buyers and sellers sometimes used to evade a price ceiling.
A) Increased search activity
B) A price floor
C) Creating a shortage
D) A black market
Question 2
The figure above illustrates a linear demand curve. If the price rises from 6 to 8 demand is ________ and if the price falls from 8 to 6 demand is ________.
A) elastic; elastic
B) elastic; inelastic
C) inelastic; elastic
D) inelastic; inelastic