Black Markets May Develop as a Result of Price Controls

question 60

Multiple Choice

Black markets may develop as a result of price controls because:

• A) price controls increase efficiency.
• B) quantity demanded equals quantity supplied at the mandated price.
• C) individuals cannot profit by illegal exchanges.
• D) individuals can profit by illegal exchanges.

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Definitions:

VGA

Stands for Video Graphics Array, an analog interface used for connecting monitors to computers.

HDMI

High-Definition Multimedia Interface, a proprietary audio/video interface for transmitting uncompressed video data and compressed or uncompressed digital audio data from an HDMI-compliant source device to a compatible computer monitor, video projector, or digital television.

Impact Printer

A type of printer that uses mechanical impact to transfer ink onto paper, such as dot matrix printers.

Toner

A powder used in laser printers and photocopiers to form the printed text and images on the paper.