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Rufina [12.5K]
3 years ago
11

Black markets may develop as a result of price controls because: individuals can profit by illegal exchanges. price controls inc

rease efficiency. quantity demanded equals quantity supplied at the mandated price. price controls offer subsidies for market transactions.
Business
1 answer:
prisoha [69]3 years ago
7 0

Answer:

individuals can profit by illegal exchanges.

Explanation:

The closest correct answer is that a black market is most of the time very profitable, because prices tend to be higher than they would be without the black market, and without the price controls.

The reason why black markets emerge when price controls are imposed is because price controls do not allow prices to equilibrate supply and demand, meaning that under a price control, supply falls short of demand, causing scarcity for consumers.

This scarcity can be solved by the black market with higher prices.

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Answer:its d.

Explanation:

A product is first introdused and after some advertisement and marketing it enters the growth phase every product grows upto the extent that it reaches the maturity phase and when the market is full of competitors and alternative products it enters decline phase and most companies with draw from the market in the last phase of a products lifecycle.

6 0
3 years ago
Esteban receives some utility from consuming a bottle of store-brand soda (an inferior good) but would much rather purchase a na
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Answer:

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5 0
4 years ago
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A sale contract stipulates that a buyer is to pay the seller's title insurance expenses. This practice is not customary in the a
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Answer:

D. the buyer must pay the expense.

Explanation:

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Here ,in the contract it is clearly mentioned that the buyer is responsible for the title insurance expense.

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4 years ago
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Irina-Kira [14]

Answer:

A. items 2, 4, 7, and 8

Explanation:

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4 0
3 years ago
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