Scalping at major sporting events is an example of the operation of rationing by the market. a surplus caused by the existence of price ceilings. a black market caused by a price floor. a black market caused by a price ceiling.

Question

Ezequiel Morrow

Business

18 June, 01:39

Scalping at major sporting events is an example of the operation of rationing by the market. a surplus caused by the existence of price ceilings. a black market caused by a price floor. a black market caused by a price ceiling.

+3

Answers (1)

Know the Answer?

Ruben · Answer 1

Scalping at major sporting events is an example of "a black market caused by a price ceiling."

Delayed shortages caused by price ceilings can make black markets for that great. A black market is an underground system of makers that will offer purchasers as a lot of a controlled decent as they need, yet at a cost higher than the value roof. black markets are for the most part unlawful. Anyway these business sectors give higher benefits to makers and to a greater extent a useful for a customers, such a large number of will go for risk of fines or detainment.