A Black Market Could Arise as a Result of

question 34

Multiple Choice

A black market could arise as a result of

• A) the imposition of a legal price floor below the equilibrium price.
• B) the imposition of a legal price ceiling above the equilibrium price.
• C) the imposition of a legal price floor at the equilibrium price.
• D) the imposition of a legal price ceiling below the equilibrium price.

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Definitions:

Nitrogen Fixing Bacteria

Microorganisms capable of converting atmospheric nitrogen into forms usable by plants.

Rhizobium

A genus of bacteria that forms symbiotic relationships with legumes, fixing nitrogen from the air into a form the plant can absorb and use.

Mutualism

A symbiotic interaction between two different species where each benefits from the relationship.

Species Richness

The variety of species found in a specific ecological community, landscape, or region.