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-Refer to the Above Figure P1P _ { 1 } ,And a Black Market Has Opened

Question 160

Multiple Choice

   -Refer to the above figure.A price ceiling has been set at  P _ { 1 }  ,and a black market has opened.The equilibrium black market quantity will be A) below  \mathrm { Q } _ { 1 }  B) above  \mathrm { Q } _ { 3 }  C) between  \mathrm { Q } _ { 1 }  and  \mathrm { Q } _ { 3 }  D)   \mathrm { Q } _ { 2 }
-Refer to the above figure.A price ceiling has been set at P1P _ { 1 } ,and a black market has opened.The equilibrium black market quantity will be


A) below Q1\mathrm { Q } _ { 1 }
B) above Q3\mathrm { Q } _ { 3 }
C) between Q1\mathrm { Q } _ { 1 } and
Q3\mathrm { Q } _ { 3 }
D) Q2\mathrm { Q } _ { 2 }

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