An Example of a "Missing" Market Would Be

question 95

Multiple Choice

An example of a "missing" market would be:

• A) the market to buy and sell children for adoption.
• B) the market to buy and sell a kidney.
• C) the market to buy and sell dates for a Friday night.
• D) All of these markets are missing.

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Definitions:

Producers

Individuals or businesses that create and supply goods or services in the economy.

Tax Rate

The amount of tax people are required to pay per unit of whatever is being taxed.

Excise Tax

A tax levied on specific goods, services, or transactions, such as tobacco, alcohol, and fuel, usually to discourage consumption or raise government revenue.

Supply Curve

A graphical representation of the supply schedule, showing the relationship between quantity supplied and price.