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Table 32 Describes the Market for Day-Care Workers in the City

Question 92

Multiple Choice

Table 3.2 describes the market for day-care workers in the city of Vishna (quantity of workers in hundreds) .
Table 3.2 describes the market for day-care workers in the city of Vishna (quantity of workers in hundreds) .    -Under what circumstances might an illegal market exist? A) When a price ceiling is imposed. B) When a price floor is imposed. C) When price is not at equilibrium. D) When there is a big surplus of a product.
-Under what circumstances might an illegal market exist?


A) When a price ceiling is imposed.
B) When a price floor is imposed.
C) When price is not at equilibrium.
D) When there is a big surplus of a product.

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