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March 30, 2017

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Black markets result from:
A. price floors
B. price ceilings
C. shifts in demand
D. competitive price outs

I think it's C?

  • economics - ,

    or it might be B ?

  • economics - ,

    C is the best answer. Black markets occur when goods are rationed or overly expensive -- as during war time.

  • economics - ,

    thanks!

  • economics - ,

    You're welcome.

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