What is meant by an illegal market?
A) An allocation system where sellers are allowed to determine the method of allocation on the basis of their own preferences.
B) A market where products are bought and sold at a price above a government imposed price ceiling.
C) The effect which a price change has on real income and therefore on the quantity demanded of a product.
D) A mechanism to bring buyers and sellers together.
Correct Answer:
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Q31: All of the following except one are
Q32: What is the term for an allocation
Q33: What is the term for the sale
Q34: Q35: All of following except one are possible Q37: Which of the following statements is true Q38: What is meant by dumping? Q39: What is meant by producers' preference? Q40: What do economists mean when they speak Q41: 
A)The destruction of
A)The effect
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