Ask Question
30 June, 20:50

Scalping at major sporting events is an example of the operation of rationing by the market. a surplus caused by the existence of price ceilings. a black market caused by a price floor. a black market caused by a price ceiling.

+4
Answers (1)
  1. 30 June, 22:31
    0
    Scalping at major sporting events is an example of "a black market caused by a price ceiling."

    Delayed shortages caused by price ceilings can make black markets for that great. A black market is an underground system of makers that will offer purchasers as a lot of a controlled decent as they need, yet at a cost higher than the value roof. black markets are for the most part unlawful. Anyway these business sectors give higher benefits to makers and to a greater extent a useful for a customers, such a large number of will go for risk of fines or detainment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Scalping at major sporting events is an example of the operation of rationing by the market. a surplus caused by the existence of price ...” 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