If a store sells a good at the market price,even though the government authorities have set the maximum price that can be charged for it,the store is selling the good in a(n)
A) black market for a market price that is higher.
B) black market for a market price that is lower.
C) effort to eliminate a surplus of the good.
D) legal market for a market price that is higher.
E) legal market for a market price that is lower.

Question

Quizplus · Accepted Answer

Selling a good at a market price higher than the government-set maximum price constitutes a black market transaction.

If a Store Sells a Good at the Market Price,even