Which of the following is an example of a black-market transaction?
A) A person buys a hotdog on a street corner.
B) A person buys a product at a price greater than the government-imposed ceiling price.
C) A person buys a product at a price below the government-imposed ceiling price.
D) A person places a bet at a racetrack.
E) A person buys a product at a price greater than the government-imposed price floor.
Correct Answer:
Verified
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