Ask Question
BusinessBusiness
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
You Might be Interested in
Using the following information, what is the amount of net income? Purchases $ 33,114 Selling expenses $ 677 Merchandise inventory, September 1 7,740 Merchandise inventory, September 30 11,372 Administrative expenses 665 Sales 50,575 Rent revenue
Answers (1)
One of the largest automobile dealers in the city advertises a 3-year-old car for sale as follows: Cash price $3575, or a down payment of $375 with 45 monthly payments of $93.41. Susan DeVaux bought the car and made a down payment of $800.
Answers (1)
Meyer & Co. expects its EBIT to be $106,000 every year forever. The firm can borrow at 7 percent. The company currently has no debt, and its cost of equity is 14 percent. a.
Answers (1)
The archeological records of egyptian cities are less detailed due to the
Answers (1)
Which of the following is an instance of stereotyping in advertising? A. The depiction of women as multitasking professionals B. The depiction of aged people as versatile, energetic, and enthusiastic C. The depiction of men as caregivers D.
Answers (2)
New Questions in Business
Which of the following are true? Select one or more: (a) The t-distribution is dependent on the sample size. (b) The t-distribution does not depend on the sample size.
Answers (1)
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 13.6 Process time 2.7 Inspection time 0.3 Move time 3.3 Queue time 7.0 The delivery cycle time was:
Answers (1)
During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be uncollectible.
Answers (1)
How often is interest earned from bonds usually paid to the bond holder? 1) Every month 2) Once per year 3) Twice per year 4) Every two years
Answers (1)
Rexeleg Company manufactures a product with the following costs per unit at the expected production of 40,000 units: Direct materials $5 Direct labor 10 Variable overhead 7 Fixed overhead 9 The company has the capacity to produce 50,000 units.
Answers (1)
Home » Business » 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.
Sign Up Forgot Password?