You would expect there to be many customers for a black market good where:
A) binding price floor is high.
B) binding price floor is low.
C) non-binding price ceiling is high.
D) binding price ceiling is low.
E) binding price ceiling is high.

Question

Quizplus · Accepted Answer

A binding price ceiling is a government-imposed maximum price that is below the equilibrium price. This creates a shortage, which in turn leads to a black market where the good is sold at a higher price.

You Would Expect There to Be Many Customers for a Black