Suppose that the government imposes a price ceiling on gasoline that is below the equilibrium price. The black market for gasoline is ________ market in which the price ________ ceiling price
A) a legal; exceeds the
B) an illegal; exceeds the
C) a legal; is less than the
D) an illegal; is less than the
E) an illegal; equals
B
Economics
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The return-to-entrepreneurship curve is:
A) horizontal. B) vertical. C) downward sloping. D) upward sloping.
Economics
Judging from the table of the four types of goods, goods that are nonrival in consumption would include ______.
a. pizzas and automobiles
b. rainforest trees and clothing
c. the atmosphere and rainforest trees
d. movie streaming and street lighting
Economics