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-When Are Black Markets Likely to Arise

Question 349

Multiple Choice

-When are black markets likely to arise? A) when the government removes a price floor B) when the government enforces a price ceiling C) when there is a surplus of a good D) when the quantity supplied of a good exceeds the quantity demanded
-When are black markets likely to arise?


A) when the government removes a price floor
B) when the government enforces a price ceiling
C) when there is a surplus of a good
D) when the quantity supplied of a good exceeds the quantity demanded

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