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

question 33

Multiple Choice

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.

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Definitions:

Capital Punishment

A legal penalty in which a person is put to death by the state as a punishment for a crime.

Statutes

Laws enacted by a legislative body.

Lawrence v. Texas

A 2003 Supreme Court case that invalidated sodomy laws in the United States, making same-sex sexual activity legal in every U.S. state and territory.

Right to Privacy

A legal principle that protects individuals against unwarranted invasions of their personal life and information by the government, organizations, or other people.