Economists refer a to a market where buying and selling take place at prices that violate government price regulations as

Question

Quizplus · Accepted Answer

A black market is a market where prices are determined by supply and demand rather than government regulation, usually because the government has banned or restricted the trade of certain goods or services. This can include illegal drugs, weapons, or even basic necessities in times of crisis or shortages.

Economists Refer a to a Market Where Buying and Selling