A Black Market Develops Only When Quantity Demanded Exceeds Quantity

question 229

True/False

A black market develops only when quantity demanded exceeds quantity supplied.

---

Definitions:

Universality

The concept or belief that certain norms, values, or characteristics are common to all human beings, transcending cultural and geographical differences.

Aloneness

The state of being alone or solitary, which can be chosen or imposed, sometimes leading to feelings of loneliness or self-reflection.

Group Therapy

A form of psychotherapy involving a group of patients led by one or more therapists, focusing on interpersonal interaction.

Childhood Neglect

Failure to provide for a child's basic needs, including physical, emotional, educational, and medical care, leading to harms or deficits in development.