-Refer to the Above Figure $P _ { 1 }$ ,And a Black Market Has Opened

question 160

Multiple Choice

-Refer to the above figure.A price ceiling has been set at $P _ { 1 }$ ,and a black market has opened.The equilibrium black market quantity will be

• A)below \(\mathrm { Q } _ { 1 }\)
• B)above \(\mathrm { Q } _ { 3 }\)
• C)between \(\mathrm { Q } _ { 1 }\) and \(\mathrm { Q } _ { 3 }\)
• D) \(\mathrm { Q } _ { 2 }\)