Question

If, in response to a price ceiling, a black market develops that gains control of all of the supply of the commodity, all of the following will be true except:

A. the black market price will be higher than the ceiling price.

B. excess profits will go to the black marketers.

C. quantity demanded will exceed quantity exchanged at the black market price.

D. the black market price will be higher than the equilibrium price.

E. all of the above are true.



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Answer 1

Answer:

I think the Answer is A other wise Choices is yours