Which of the following is an example of a black market?
A.a tenant in a rent-controlled apartment subletting at a higher rent
B.the purchase of an inferior radio at a department store
C.waiting in line during the gasoline shortages of the 1970s
D.the oil market
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Q45: Governments continue to impose price controls.Which of
Q46: Rent controls in New York City cause
Q47: Figure: Supply and Demand Q49: Figure: Supply and Demand Q51: If the government imposes rent control and Q53: Each of the following is a source Q54: Price ceilings that lead to shortages will Q55: Economists in general agree that rent controls Q65: Suppose the government of the oil-rich country Q69: One of the ways rent control is
(Figure: Supply and Demand)
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