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Author Question: Black markets can occur when price ceilings are imposed in a market. Which of the following explains ... (Read 15 times)

Mr3Hunna

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on: May 24, 2019
Black markets can occur when price ceilings are imposed in a market. Which of the following explains why sellers participate in a black market?
◦ Sellers are able to sell the product for a higher than legal price.
◦ There are more buyers in the black market than in the legal market.
◦ The demand is perfectly elastic in a black market.
◦ The demand is perfectly inelastic in a black market.
◦ The surplus in the legal market means that many sellers can sell their product in the black market.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Mr3Hunna on May 24, 2019

thall411

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mr3Hunna

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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