A black market can occur when

Economics JAMB 2004

A black market can occur when

  • supply is in excess of demand
  • consumption of the commodity is restricted checkmark
  • prices are set by government above the equilibrum
  • prices are set by government below the equilibrium

The correct answer is: B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment