When do price ceilings matter

Reference no: EM133714873

Question: When do price ceilings matter? Fill in the blanks to complete the passage regarding the development of illegal markets in response to price ceilings. - are unlawful markets that emerge in response to price controls. A few buyers are able to obtain the good at the open-market price; the rest must resort to illegal means. The additional demand is met by - suppliers selling at much - prices.

Reference no: EM133714873

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