Black markets may develop as a result of price controls because: individuals can profit by illegal exchanges. price controls increase efficiency. quantity demanded equals quantity supplied at the mandated price. price controls offer subsidies for market transactions.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Black markets may develop as a result of price controls because: individuals can profit by illegal exchanges. price controls increase ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
It is useful to distinguish among Select one: a. statelessness, effect, and response certainty b. state, cause, and response uncertainty c. effect, state, and response certainty d. state, effect, and response uncertainty
Answers (1)
MegaRock produces quick setting concrete mix. Production of 200,000 tons was started in April, 190,000 tons were completed. Material costs were $3,152,000 for the month while conversion costs were $591,000.
Answers (1)
Thick fish steaks are also known as Viscera Fillets Fins Darnes
Answers (1)
Assume that a six-firm cartel supplies 500 million units of Whatailsya energy drink at a price of $5.00 per unit. Each firm supplies an equal share of the cartel's output.
Answers (1)
One of the advantages of target costing is that it specifically considers the probable market price for the product. a. True b. False
Answers (1)
New Questions in Business
When managers use a management information system, no management action is needed if a activities are performed as planned and standards are met b all employee performance reviews are completed on schedule c there are no changes in the organization
Answers (2)
Macy Corporation's relevant range of activity is 8,100 units to 16,500 units. When it produces and sells 12,300 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.50 Direct labor $ 3.
Answers (1)
In which part of the world will one find over 50 percent of the population described as unaffiliated with the remainder of the population either buddhist or affiliated with a folk religion?
Answers (1)
Criteria for selecting a social network often includes an analysis of the characteristics of the site visitors.
Answers (1)
Which action is characteristic of voluntary simplicity? a. learning to live with much less b. working more to provide for more family wants c. using products with greater environmental impact d. adding more possessions that last longer e.
Answers (1)