Scalping and other black market activities arise when
A) the prices of goods are allowed to adjust to their equilibrium levels.
B) the quantities of goods demanded and supplied are allowed to adjust to their equilibrium levels.
C) the prices of goods are restricted to levels above equilibrium prices.
D) the prices of goods are restricted to levels below equilibrium prices.
D
Economics
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Credit cards are
A. not money. B. not money, because they can't be used to purchase goods and services. C. considered to be money. D. counted as a part of M2 but not M1.
Economics
An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is total cost equal to when Q = 10?
What will be an ideal response?
Economics