If a store is able to sell a good at the market price,even though the government authorities have set the minimum price that can be charged,the store is selling the good in a(n):
A) black market for a market price that is higher.
B) black market for a market price that is lower.
C) effort to eliminate a surplus of the good.
D) legal market for a market price that is higher.
E) legal market for a market price that is lower.

Question

Quizplus · Accepted Answer

The store is selling in a black market for a price lower than the government-set minimum price, which is illegal.

If a Store Is Able to Sell a Good at the Market