Multiple Choice
Refer to the accompanying figure to answer the next two questions.
-You would expect there to be many customers for a black market good when the opportunity cost of finding the good under a:
A) binding price floor is high.
B) binding price floor is low.
C) nonbinding price ceiling is high.
D) binding price ceiling is low.
E) binding price ceiling is high.
Correct Answer:

Verified
Correct Answer:
Verified
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